Oil slipped for the first time in five sessions as traders wait for a series of market reports this week that will provide a snapshot on the outlook for supply and demand.
Brent futures dropped 1% toward $90 a barrel after closing at the highest level in more than five months on Friday. West Texas Intermediate also fell. Oil has rallied recently on escalating geopolitical tensions and supply shocks, raising the prospect of the global benchmark reaching triple figures.
https://www.bloomberg.com/news/articles/2024-04-07/latest-oil-market-news-and-analysis-for-april-7
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