U.S. crude oil fell over 2% on Monday as investors weighed the threat of further attacks on Saudi Arabian energy infrastructure against concerns that elevated prices could eventually erode demand.
U.S. West Texas Intermediate futures slid 2.19% to $101 a barrel, while Brent crude futures declined 1.89% to $114.51 a barrel.
The pullback followed a sharp rally on Friday after attacks by Yemen's Houthi militants on Saudi Arabia reignited fears of disruptions to global energy supplies.
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Oil slides over 2% as traders weigh Saudi attack risks, demand destruction | Alpha Insights