Oil prices fell in early Asian trade on Monday for a second straight session, weighed down by a stronger dollar after renewed concerns about higher interest rates for longer and a cooling of risk appetite among investors.
Brent crude futures were down 40 cents, or 0.5 percent, at $84.84 a barrel by 0036 GMT, after settling down 0.6 percent on Friday. West Texas Intermediate (WTI) crude futures were down 39 cents, or 0.5 percent, at $80.34 a barrel.
A stronger dollar makes it more expensive for holders of other currencies to buy US-denominated oil.
But crude futures rose about 3% last week on signs of increased demand for oil products in the United States, the world's largest consumer, as well as continued implementation of production cuts in the OPEC+ group.
Oil prices were supported by geopolitical risks in the Middle East due to the war in the Gaza Strip, as well as the intensification of Ukrainian drone attacks on Russian oil refineries.
