Brent Crude Slips Despite Middle East Attacks
Brent crude futures edged lower as investors booked profits following recent rallies. The decline came despite fresh Houthi attacks on Saudi energy facilities and an oil tanker explosion in the Strait of Hormuz.
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Brent Crude Oil fell 0.3% to $109.55 a barrel on Monday following attacks by Yemen's Houthis on regional energy infrastructure. The session followed a multi-week rally that pushed prices to a five-month high. Traders weighed supply disruptions in the Middle East against a U.S. executive order waiving certain sanctions on Russia's energy sector.
