Oil prices fell in trading on Monday after surging close to their highest levels in six months late last week, despite ongoing tensions in the region, keeping supply concerns in focus: Brent crude futures were down about 1.9% at $114.48 a barrel. US crude oil contracts fell by 2.2% and registered $100.97 per barrel later.

Oil prices fell in trading on Monday after surging close to their highest levels in six months late last week, despite ongoing tensions in the region, keeping supply concerns in focus: Brent crude futures were down about 1.9% at $114.48 a barrel. US crude oil contracts fell by 2.2% and registered $100.97 per barrel later.