Gulf Today Report
Oil prices dropped on Monday after recording more than $70 a barrel gains due to the attacks on Saudi Arabian oil facilities.
Benchmark Brent climbed as high as $71.38 a barrel while US West Texas Intermediate (WTI) crude was down 22 cents or 0.3% at $65.87 after touching $67.98 a barrel.
READ MORE
Indian shares jump due to gains in energy stocks
Gold prices gain on US stimulus and lower yields
UK will iron out technical issues with EU over post-Brexit trade
Yemen's Houthi forces fired drones and missiles at the heart of the Saudi oil industry on Sunday, including a Saudi Aramco facility at Ras Tanura vital to petroleum exports. Riyadh said there were no casualties or loss of property.
The Saudi attack came after OPEC+ agreed to stick with output cuts despite the increase in crude prices.