Oil fell more than 1.5% Friday afternoon, interrupting a months-long rally, after a United Nations security panel sent a letter probing some of the biggest oil traders in the world for information on what measures they take to prevent sanctioned goods from reaching North Korea.
Brent, the international benchmark, shed 1.51% to $78.42 per barrel at 2:30 p.m. ET. West Texas Intermediate was down 0.25% to $71.42. Crude had rallied to fresh highs Thursday, with Brent trading above $80 a barrel for the first time since late 2014.