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Oil slips as Middle East crude exports rise, G7 to release stocks
SINGAPORE: Oil prices slipped on Monday as rising crude exports from the Middle East and a release of oil stocks from Group of Seven nations are adding to supplies despite ongoing concerns about further damage to Gulf oil infrastructure amid the Iran war. Brent crude futures fell 35 cents, or 0.34%, to $101.90 a barrel by 0115 GMT, while US West Texas Intermediate crude was at $90.49 a barrel, down 62 cents, or 0.68%. Brent gave up most of its gains last week while WTI was 1.6% lower after G7 countries agreed on Friday to release 100 million barrels of diesel and crude from emergency rese...
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