U.S. Crude Settled at $86.85. That Still Is Not a Gasoline Price.

Monday's crude market finished lower than the morning snapshots already reported. The settlement still did not set a U.S. gasoline price.

CNBC said West Texas Intermediate futures settled down 4.38%, at $86.85 a barrel. Brent settled down 5.85%, at $92.57. Earlier Monday indications had U.S. crude near $87 and Brent near $94. CNBC also reported President Trump's Sunday comment that renewed strikes on Iran were highly unlikely if negotiations made progress. A separate Monday report said attacks on ships near the Strait of Hormuz were still keeping supply risk in focus. While crude was falling, a CNBC movers update showed American and United shares up more than 6%. Those figures were not closing fares, and no airline announced a cheaper ticket.

The Dow still closed up 1,104.02 points, or 2.15%, at 52,389.75. The S&P 500 gained 2.35%, to 7,549.94, its best day since April 8. Retail gasoline was not repriced in these reports.

Did Monday's lower oil settlement cut a gasoline price or an airfare? No pump-price or fare cut was established. The new figures are futures settlements of $86.85 for U.S. crude and $92.57 for Brent.