SINGAPORE: Oil futures eased from their highest levels in weeks as traders took profit while waiting for a meeting of the Federal Reserve later this week for an indication of further rate cuts, according to Reuters.
Falls were limited, however, by concerns of supply disruptions in the event of more US sanctions on major suppliers Russia and Iran.
Brent crude futures fell 21 cents, or 0.3 percent, to $74.28 a barrel by 07:24 a.m. Saudi time after settling at their highest level since Nov. 22 on Friday.