Saudi Oil Exports Recover Amid Yemeni Attacks, Tensions Persist

Oil prices declined on Monday as investors assessed the recovery of Saudi Arabia's oil exports despite ongoing attacks by Yemen's Houthi rebels. The attacks have escalated tensions in the Middle East, where the US and Iran remain in a stalemate.

Brent crude futures dropped 81 cents, or 0.78%, to $103.06 a barrel at 0031 GMT after settling down 0.91% on Friday.

US West Texas Intermediate crude was at $99.41 a barrel, down 89 cents, or 0.89%, following a 1.58% loss in the previous session.

The Houthis attacked 'sensitive' sites in Riyadh and an Aramco facility in Yanbu, a key oil export hub, on Saturday with missiles and drones.