Oil prices fell Monday after surging to near six-month highs late last week, CNBC reported. US crude futures were down about $2.14, or 2.07 percent, at $101.13 a barrel by early London hours. Brent was down about $2.12, or 1.82 percent, at $114.60. Prices had jumped Friday after Houthi attacks in Saudi Arabia raised supply fears.

Brent finished last week up about 6 percent and WTI up about 2.3 percent, CNBC said. Houthis said they attacked a Saudi airport and oil sites Saturday. Saudi Arabia partially restarted its main airport Sunday. The US Energy Department said Friday it authorized a 400,000-barrel Strategic Petroleum Reserve release for a Louisiana refinery disruption.

Asian shares slipped as chipmakers fell and investors braced for a busy week, Reuters via Investing.com reported. The Federal Reserve, European Central Bank, and Bank of Japan all meet. The Fed is widely expected to hold rates. Alphabet, Microsoft, and Amazon report later in the week, CNBC said.

Saudi ministers also said the kingdom will start storing crude in Singapore from the second half of 2027 to harden supply chains. Traders still watched weekend attack claims even as prices cooled from Friday's spike.

Energy traders still priced weekend attack risk even as the screen turned red. Equity desks watched chip names that had led the AI rally. The Fed's rate call midweek is the next big macro print on the calendar.

Prices had jumped on supply fears last week. Monday brought a pullback on the screen. Central bank week keeps traders on edge.

What we know: WTI was near $101.13 and Brent near $114.60 early Monday after last week's surge.
What we don't: Whether Saudi supply fears will reverse the dip, and how markets price the Fed decision.