Oil Prices Slip From Highs
Oil prices retreated from multi-month highs on Monday as investors booked profits while supply disruptions continued in the Strait of Hormuz following vessel attacks.
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Brent Crude Oil fell $1.45, or 1.32%, to $108.41 a barrel on Monday morning after profit-taking emerged near five-month highs. The pullback follows persistent supply disruptions across the Middle East and Ukraine. Energy markets remain sensitive to geopolitical friction that continues to constrain global crude flows.
