The price of Brent crude fell more than 1% to $111.89 a barrel on Monday, according to trading data. As of 2:02 a.m. Moscow time, the price of Brent oil futures in January fell by 1.21% compared to the previous close - to $111.89 per barrel. December WTI futures as of 02.03 Moscow time fell 0.59% to $102.34 per barrel.