Oil Prices Fall From Six-Month High as Iran Talks Ease Supply Fears

TLDR Brent crude fell about 2% to near $114 a barrel on Monday after hitting its highest close since April 29. West Texas Intermediate dropped to about $101 a barrel as Qatari mediators traveled to Tehran. Houthi attacks on Saudi Arabia continued over the weekend, keeping supply fears alive. An analyst says uncertainty adds roughly $20 a barrel to oil prices. The U.S. released up to 400,000 barrels from its Strategic Petroleum Reserve after a Louisiana refinery disruption. Oil prices fell on Monday as diplomatic efforts eased fears of further supply disruptions.

Source: CoinCentral