Oil prices retreat as US crude build, rate cut concerns come to the fore
Oil prices fell at Asia’s open on Monday, dragged down by a renewed focus on market fundamentals, as Israel and Iran played down the risks of an escalation of hostilities in the Middle East after Israel’s apparently small strike on Iran.
Brent futures fell 54 cents, or 0.6%, to $86.75 a barrel by 1218 GMT.
