LONDON, June 11: Oil prices fell back on Monday in volatile trade, having rebounded earlier on the back of the Spanish banking bailout deal and easing Chinese inflation, traders said.

In late afternoon London deals, Brent North Sea crude for July dropped 30 cents to $99.17 per barrel. In earlier Asian trade, the contract had spiked to $102.21 in the wake of the eurozone agreement.

New York's main contract, West Texas Intermediate crude for delivery in July fell 39 cents to $83.71 a barrel.—AFP