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International
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Oil slips from near six-months highs despite supply concerns

From Newswire ·
Headline from Newswire
2 outlets · 2 reports · latest EN 2English 2 · all privateOwners: all private.
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Oil slips from near six-months highs despite supply concernsPhoto: Newswire

AI summary · 1 min read

1 min readFrom 2 outlets
  • Newswire reports US crude futures lost $1.60, or 1.55%, to $101.67 a barrel by 0018 GMT on Monday.
  • Newswire reports Brent futures dropped $1.56, or 1.34%, to $115.16 a barrel.
  • Newswire says Friday’s session ended with oil prices higher, and both benchmarks recorded weekly gains.
  • Newswire reports further Houthi attacks, Saudi interceptions, and a partial restart of operations at the country’s main airport.

Newswire reports that crude prices moved lower on Monday after approaching their highest levels in almost half a year late last week. At 0018 GMT, US crude futures stood at $101.67 per barrel, down $1.60, or 1.55%; Brent was at $115.16, a decline of $1.56, or 1.34%.

Newswire reports that prices gained close to $3 at Friday’s settlement amid concern about energy supplies following Houthi attacks in Saudi Arabia. For the week, Brent advanced 6% and US West Texas Intermediate rose 2.3%.

Newswire reports that Houthi forces said they struck the Saudi airport and oil facilities on Saturday. The outlet says Saudi Arabia reported on Sunday that it had intercepted additional missiles and drones.

Newswire reports that the world’s leading oil exporter partially resumed activity at its main airport on Sunday, after damage in an earlier round of Houthi attacks. Newswire also reports that the Houthi group pledged to continue targeting the airport.

Based on: Newswire, Ada DeranaWritten by AI from Newswire, Ada Deranathese outlets’ reports. Not reviewed by an editor. It can be wrong — the original reports are the authority. .
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Earlier coverage

Reports on the same subject from the months before this story.

  1. Ada Derana (தமிழ்) · ட்ரம்பின் அறிவிப்பால் எண்ணெய் விலை சரிந்தது!
  2. Hiru News · Oil prices edge lower as investors weigh Middle East tensions
  3. Ada Derana · Oil prices slip from five-month high with Hormuz transits in focus
  4. Ada Derana · Oil prices climb on Middle East supply worries
  5. Ada Derana · Oil jumps on escalating Middle East conflict

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