Brent futures LCOc1 jumped 6.2% last week to their highest weekly close since mid-2022 as Houthi attacks in Saudi Arabia stoked energy supply concerns. (Reuters pic)LONDON: Global shares edged up on Monday as oil eased from six-month highs ahead of a week of central bank meetings and corporate earnings that will further test confidence in the AI boom.
The oil price was down around 2% to US$114.6 after reports that Qatari mediators were in Tehran on Sunday as part of an effort to de-escalate tensions in coordination with the US.
Brent futures LCOc1 jumped 6.2% last week to their highest weekly close since mid-2022 as Houthi attacks in Saudi Arabia stoked energy supply concerns.
The Houthi group in Yemen said on Monday it had attacked Saudi Arabia's East-West crude oil pumping stations and Riyadh airport, but there was no immediate confirmation from Riyadh.
