Oil Prices Slip From Six-Month Highs
Oil prices fell on Monday after reaching near six-month highs late last week. Ongoing attacks in Saudi Arabia kept energy supply concerns in focus for markets.
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West Texas Oil fell $2.14, or 2.07%, to $101.13 per barrel on Monday morning after surging near six-month highs late last week. The pullback follows strong gains late last week driven by renewed supply risks in the Middle East. Investors are monitoring persistent geopolitical tensions as energy infrastructure in the region faces ongoing security threats.
