Oil prices fell after surging last week to near six-month highs, amid hopes of easing hostilities between the US and Iran, although persistent attacks on key producer Saudi Arabia kept investors wary, according to Reuters.
US West Texas Intermediate crude futures CLc1 were down $1.76, or 1.7 per cent, at $101.51 per barrel by 0744 GMT (12:44pm PKT). Brent crude futures LCOc1 were down $1.49, or 1.28pc, at $115.23.
