Oil prices dip after strongest weekly rise in over a year

Oil prices dropped Monday after last week’s significant gains, with Brent crude falling 0.4% to $77.74 and WTI down 0.27% to $74.18 per barrel. Despite Middle East tensions following Iran’s missile attack on Israel, oversupply concerns and softer demand are affecting prices. OPEC+’s spare capacity could buffer potential supply disruptions, while China’s uncertain economic recovery continues to impact market sentiment.READ FULL