WTI ($USOIL): Intraday Analysis & Setup update

Oil fell even as the US and allies pressed home their campaign against Houthi rebels in Yemen, as a tough global outlook vied with tensions in the region.

Global benchmark Brent fell below $78 a barrel after ending higher on Friday, with West Texas Intermediate above $72. The US has followed up initial airstrikes against Houthi targets with a fresh attack on a radar installation, with the aim of repelling threats to the Red Sea route even as some tankers shied away from the waterway. The militant group has pledged to hit back.

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