The Main Points
- Oil prices fell after a weekend pause in U.S.-Iran hostilities eased fears of a broader supply disruption.
- Chevron and ExxonMobil each slipped roughly 2.5% in premarket trading, while ConocoPhillips fell more than 3%.
- European energy majors also declined, with Shell, BP, and TotalEnergies all trading lower.
- Energy stocks lagged the broader market, which was on track to rebound alongside most other sectors.
- The move came even as the U.S. dollar extended a decline following softer-than-expected inflation data.