Oil prices retreated from six-month highs Oil prices, which rose to their highest level in six months last week, fell in trading on Monday in the world market in hopes of reducing tensions related to US military aggression against Iran. West Texas Intermediate crude futures were down 2.23 cents, or 2.16%, at 101.4 cents a barrel. The future price of Brent crude oil also fell by 2 dollars 21 cents or 1.89% and reached 114 dollars 51 cents per barrel.

Oil prices retreated from six-month highs Oil prices, which rose to their highest level in six months last week, fell in trading on Monday in the world market in hopes of reducing tensions related to US military aggression against Iran. West Texas Intermediate crude futures were down 2.23 cents, or 2.16%, at 101.4 cents a barrel. The future price of Brent crude oil also fell by 2 dollars 21 cents or 1.89% and reached 114 dollars 51 cents per barrel.