Oil Hovers Below Seven-Month High

Oil Hovers Below Seven-Month HighSingapore, 24 Feb (ONA) — Oil prices hovered today below their highest level in nearly seven months amid conditions in the Middle East, along with continued uncertainty about US trade policy. Brent crude futures fell nine cents, or 0.1 percent, to USD 71.40 a barrel, after a volatile trading session on Monday during which prices touched their highest level since 31 July 2025 at USD 72.50, before swinging between gains and losses of more than 1 percent. US West Texas Intermediate crude futures also declined 11 cents, or 0.2 percent, to USD 66.20 a barrel, after having risen in the previous session to USD 67.28, their highest level since 4 August 2025.— Ends/Khalid