Oil Slips as Investors Watch Diplomatic Moves in Gaza War

A general view of the Phillips 66 refinery, as seen from Rodeo, Calif., the oldest oil refining town in the American West, on March 2, 2023. Nathan Frandino/Reuters

LONDON—Oil prices slipped on Monday as investors continued to focus on the situation in the Middle East, where diplomatic efforts are intensifying in an attempt to contain the conflict between Israel and Hamas.

Brent crude futures fell 24 cents, or 0.26 percent, to $91.92 a barrel, as of 0837 GMT. U.S. West Texas Intermediate crude futures were down 36 cents, or 0.41 percent, at $87.72 a barrel.