Oil prices wobble on Iran protests: Brent slips near $63 as Trump weighs options, Hormuz risk back
Oil prices slipped on Monday as traders balanced Iran’s efforts to calm tensions after days of unrest against a market flush with supply. By 10:45 GMT, Brent crude futures dropped 31 cents, or 0.5%, to $63.03 a barrel. U.S. West Texas Intermediate lost 36 cents, or 0.6%, settling at $58.76. “Lower European equity markets and the absence of fresh supply disruptions are putting moderate pressure on oil prices, after last week’s strong rally,” said UBS analyst Giovanni Staunovo.
