![Oil rally_0408](https://firstmetro.com.ph/wp-content/uploads/2024/04/Oil-rally_0408.jpg)
- Oil slipped for the first time in five sessions after Israel said it would pull some troops from Gaza, with traders also waiting for a series of market reports this week that will provide a snapshot on supply and demand.
- Brent futures slid below $90 a barrel after closing at the highest level in more than five months on Friday. West Texas Intermediate dropped under $86. Oil has rallied recently on escalating geopolitical tensions and supply shocks, raising the prospect of the global benchmark reaching triple figures.