• Oil prices fell on Monday on concern about a drop in demand and on continued uncertainty about the depth and duration of OPEC+ supply cuts.
• Brent crude futures settled down 85 cents, or 1.08%, at $78.03 a barrel. U.S. West Texas Intermediate crude futures finished down $1.03, or 1.39%, at $73.04.
• Monday’s fall adds to a 2% decline last week after the supply cuts announced on Thursday by the Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia, together known as OPEC+.

https://www.reuters.com/markets/commodities/oil-climbs-mideast-tension-back-focus-2023-12-04/