Oil slips from near six-months highs despite supply concerns

On Monday, oil prices retreated from near six-month peaks, despite ongoing threats to Saudi Arabia fueling supply worries. US crude futures slipped $1.60, or 1.55 percent, to $101.67 per barrel, while Brent crude slipped $1.56, or 1.34 percent, to $115.16. Prices had risen nearly $3 on Friday as Houthi assaults in Saudi Arabia fueled concerns about energy supply.

Brent and WTI ended the week up 6 percent and 2.3 percent, respectively. The militant group continued its attacks over the weekend, claiming responsibility for strikes on the Saudi airport and oil facilities on Saturday. Saudi Arabia reported intercepting additional missiles and drones on Sunday. The world's top oil exporter resumed partial operations at its main airport after previous Houthi strikes, while the militant group vowed to persist in targeting the facility.