West Texas Intermediate crude for March delivery fell 99 cents, or 1.1%, to settle at $91.32 a barrel on the New York Mercantile Exchange after the U.S. benchmark on Friday logged its highest finish since September 2014. April Brent crude the global benchmark, lost 58 cents, or 0.6%, at $92.69 a barrel on ICE Futures Europe, after ending Friday at its highest since early October 2014. March natural-gas futures fell 7.4% to $4.232 per million British thermal units. March gasoline futures rose nearly 0.3% to $2.685 a gallon. March heating-oil futures lost 0.7% at $2.855 a gallon.

The Biden administration waived sanctions on some of Iran’s civilian nuclear activities as it attempts to close a deal that would see Tehran return to the 2015 nuclear pact, The Wall Street Journal reported late Friday. The U.S. will allow foreign companies and officials to work on some nonweapons Iranian nuclear facilities, reversing a decision by the Trump administration in 2020 to sanction that work, the report said. Recent oil price momentum is “stabilizing” as nuclear talks between the U.S.-Iran appear to be “making positive noise,” Pat Thaker, editorial director, Middle East & Africa at Economist Intelligence Unit, said in emailed commentary. Biden’s decision to restore some sanction waivers and the inability of OPEC+ to hit output targets “could ease the market tightness, and prevent oil prices from hitting $100 BBL,” she said.