Oil prices fell Monday, reversing Friday's gains as traders weighed a U.S. decision to waive newly imposed sanctions on Russia against persistent Middle East supply risks. The waiver reduced immediate pressure on Russian crude supplies, while ongoing geopolitical tensions in the Middle East continued to cap price gains. Traders remain cautious as mixed signals from policymakers create volatility in energy markets.
Source: Wall Street Journal Markets · Summarized by HeadlinesBriefing