Oil trims losses, Brent ends near 1-month low

Oil prices fell on Monday, as geopolitical tensions in the Middle East eased and investors assessed supply and demand prospects.

Brent crude for June delivery dropped 0.3%, or 29 cents, to $87 a barrel, the lowest level since March 27.

US West Texas Intermediate (WTI) crude futures for May, which expired today, edged down 0.4% to $82.85 a barrel, after touching $81.85 during the session.

WTI’s most active contracts for June declined 0.4%, or 32 cents, to $81.90 a barrel.