International oil prices fell in early trading on Monday, amid anticipation of a meeting to be held by (OPEC +) on supply policy.
The meeting may decide whether the recent price hike can continue as the world intermittently recovers from the (Covid-19) pandemic.
Brent crude fell 24 cents, or 0.3%, to $79.04 a barrel by 1:43 am GMT.
Brent rose 1.5% over the past week, its fourth consecutive weekly increase.
The price of US oil fell 27 cents, or 0.4%, at $75.61 a barrel, after rising in the past six weeks.
Oil prices rose amid supply disruptions and reviving global demand, which pushed Brent last week to a nearly three-year high above $80.
OPEC+, which includes the Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia, is scheduled to meet later today.
