Oil futures retreated from their highs in weeks as investors awaited the Federal Reserve meeting later this week for clues about the future direction of interest rates.
The decline was limited by fears of supply disruptions if the United States imposed more sanctions on major suppliers Russia and Iran. Brent crude futures fell 21 cents, or 0.3 percent, to $74.28 a barrel after settling at their highest level since Nov. 22 on Friday last week.
Source (Al-Arabiya.net Website, Edited)
