Brent Oil Closes Above $100 a Barrel for Third Straight Session

Brent oil settled above $100 for a third straight session, the longest such streak since August 2022, as investors weighed signs of ample near-term supplies against rising military threats to energy infrastructure across the Middle East.

The global benchmark edged down 2.8% in a choppy session on Monday, while West Texas Intermediate futures closed at $93.50 a barrel. The US and Iran both stepped up attacks on energy assets in the region, including a drone strike on the massive Shah natural gas field in the United Arab Emirates.