[UPDATED] Oil slips from near six-months highs despite supply concerns
BEIJING: Oil prices fell on Monday after surging to near six-month highs late last week, although ongoing attacks on Saudi Arabia kept supply concerns in focus.
US crude futures were down US$1.60, or 1.55 per cent, at US$101.67 per barrel by 0018 GMT. Brent crude futures were down US$1.56 or 1.34 per cent at US$115.16.
Prices had settled nearly US$3 higher on Friday after Houthi attacks in Saudi Arabia stoked energy supply concerns. Brent finished the week up six per cent and West Texas Immediate ended 2.3 per cent higher.
Attacks continued over the weekend with Houthis saying they had attacked the Saudi airport and oil facilities on Saturday. Saudi Arabia said on Sunday it had intercepted more missiles and drones.
The top oil exporter restarted partial operations at its main airport on Sunday after damage in a previous round of Houthi attacks even as the militant group vowed to keep targeting the facility.
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