Oil prices fell on Monday, after achieving seven consecutive weeks of gains, supported by tight supplies caused by the OPEC + group's production cuts, amid concerns about a slowdown in China's economic recovery and the impact of the dollar's rise.
Brent crude futures fell 29 cents, or 0.3 percent, to $86.52 a barrel by 0033 GMT, while US West Texas Intermediate crude fell 24 cents, or 0.3 percent, to $82.95 a barrel.
Prices fell as the US dollar index consolidated its gains on Monday, after a slightly larger increase in US producer prices in July lifted Treasury yields despite expectations that the US Federal Reserve would stop raising interest rates.
