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Oil is falling and fears of a rise in the US dollar
Oil prices fell on Monday with cautious sentiment as financial markets fell last week and the dollar rose earlier this week, underscoring concerns that growth may slow, particularly in emerging economies in Asia.
By 0616 GMT, London Brent crude futures were trading at 39 cents, or 0.5 percent, at $ 77.23 a barrel.
US West Texas Intermediate crude futures fell 28 cents, or 0.4 percent, to $ 67.31 a barrel from the previous close.
Investors are worried after heavy losses last week, while the rise in the dollar as a safe haven has put pressure on the purchasing power of emerging markets.
Eastport brokerage in Singapore-based tankers said share prices were falling as policy uncertainty, higher interest rates and disappointing earnings for some companies.
On the supply side, tensions remain in the oil markets ahead of imminent US sanctions on Iran's oil exports, which are due to come into effect next week and are expected to lead to tight supplies, particularly in Asia, which receives the bulk of Iranian crude shipments.
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