Oil prices down almost $1 in early trading
USO•Oil prices fell nearly $1 on Monday after opening, retreating from their highest levels in nearly six months. U.S. crude was down 99 cents, or 0.96%, at $102.28 a barrel, while Brent fell 93 cents, or 0.8%, to $115.79.
1. Prices retreat
Oil prices fell nearly $1 after the market opened on Monday, pulling back from their highest levels in nearly six months. By 23:15 GMT, U.S. crude futures were down 99 cents, or 0.96%, at $102.28 per barrel, and Brent crude futures were down 93 cents, or 0.8%, at $115.79.
2. Supply concerns
Prices had settled nearly $3 higher on Friday after Houthi attacks in Saudi Arabia stoked energy supply concerns.
