Home GEOPOLITICS & TRADE International Policy Brent Crude Prices Fall as Traders Weigh Middle East Supply Risks

Brent Crude Prices Fall as Traders Weigh Middle East Supply Risks

Brent Crude Prices Fall as Traders Weigh Middle East Supply Risks
Despite the continuing risks, oil shipments through the Strait of Hormuz have recovered substantially. Stringer/Reuters
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Original Coverage & Source Attribution: www.wsj.com

Oil prices fell Monday, pulling back from recent highs as traders weighed diplomatic efforts to ease U.S.-Iran hostilities against renewed Houthi attacks on Saudi Arabia and persistent Middle East supply risks.

December Brent crude futures fell 1.5% to $114.97 a barrel, while December West Texas Intermediate futures dropped 2.1% to $101.08 a barrel.

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