Oil prices slipped from a five-month high as investors took profits after US President Donald Trump waived sanctions and tariffs on Russia that may lead to more Russian fuel exports.
Brent crude futures fell $1.98, or 1.80 per cent, to $107.88 a barrel after settling at its highest since May 19 on Friday.
US West Texas Intermediate crude was at $100.25 a barrel, down $1.16, or 1.14pc, after closing at its highest since September 17 on Friday.
