Oil Updates — Crude takes a breather; Aramco to keep full oil supplies to North Asia

RIYADH: Oil prices slipped on Monday, easing off five-week highs, as the market took profits following strong gains last week on expectations of tighter supplies following cuts by the Organization of Petroleum Exporting Countries and its allies, together known as OPEC+, and ahead of the EU embargo on Russian oil.

Brent crude futures fell 94 cents, or 0.96 percent, to $96.98 a barrel by 07.50 a.m Saudi time, while the US West Texas Intermediate crude was at $91.78 a barrel, down 86 cents, or 0.93 percent.