Crude oil prices slipped on Monday during early trading in the international market, erasing all the gains made last week. The decline came after oil loading resumed at Russia’s key export hub, Novorossiysk, following a two-day suspension triggered by a Ukrainian attack in the Black Sea.
Brent crude futures fell by 58 cents, or 0.9%, to $63.81 per barrel, while U.S. West Texas Intermediate (WTI) futures dropped 59 cents, or 1%, to $59.50 per barrel.
Both benchmarks had gained more than 2% during the previous week.
