Oil prices fall as Middle East exports rise, G7 draws on reserves
Oil prices declined Monday after increased Middle East exports and G7 reserve withdrawals boosted global supply.
Key Takeaways
AIOil prices fell on Monday as higher crude exports from the Middle East and withdrawals from G7 oil reserves contributed to a rise in global supply.
Brent crude futures dropped by 35 cents, or 0.34%, to $101.90 a barrel as of 01:15 GMT.
Similarly, US West Texas Intermediate crude was down 62 cents, or 0.68%, at $90.49 a barrel.