Post: Oil Prices Slide Over 1% on Easing Geopolitical Tensions

Doha: Oil prices slid by more than 1% in early Asian trading on Monday, weighed down by easing geopolitical concerns. Brent crude futures fell 89 cents, or 1.31%, to $67.16 a barrel, while US West Texas Intermediate (WTI) crude futures dropped 79 cents, or 1.24%, to $62.76 a barrel. According to Qatar News Agency, market sentiment was pressured by reduced concerns over supply disruptions, prompting investors to reassess recent gains in crude prices.