Crude oil price slips from six-month highs despite supply concerns
US crude futures were down $1.60, or 1.55%, at $101.67 per barrel by 0018 GMT. Brent crude futures were down $1.56 or 1.34% at $115.16.
Oil prices retreated on Monday following a surge to near six-month highs the previous week, despite ongoing threats against Saudi Arabia. US crude futures dropped $1.60, or 1.55%, to $101.67 per barrel by 0018 GMT. Brent crude futures declined $1.56, or 1.34%, to $115.16. Prices had increased nearly $3 on Friday after Houthi attacks in Saudi Arabia raised concerns about energy supply.
Brent ended the week up 6% and WTI up 2.3%. Attacks persisted over the weekend, with the Houthis reporting strikes on the Saudi airport and oil facilities on Saturday. Saudi Arabia claimed on Sunday that it had intercepted additional missiles and drones. The kingdom's main airport partially resumed operations after sustaining damage during a previous round of Houthi assaults, while the militant group pledged to continue targeting the facility.
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