Oil edges lower after rallying to highest in over a month on Middle East war risk

INA-sources
Oil prices edged lower in early Asian trading hours on Tuesday as traders booked profits after prices rallied to their highest in over a month on Monday.
 
Brent crude futures fell 23 cents, or 0.3%, to $80.70 per barrel by 0029 GMT. U.S. West Texas Intermediate futures fell 20 cents, or 0.3%, to $76.94 a barrel.
 
Both contracts rose over 3% on Monday to hit their highest levels since late-August, adding to last week's rally that saw them rise by over 8% for the biggest weekly gains in over a year.
Source-economictimes