[size=36]Oil fell 0.6 percent after Trump hit OPEC to boost output[/size]
Oil prices fell on Monday after US President Donald Trump called on the Organization of the Petroleum Exporting Countries (OPEC) to increase production.
By 0039 GMT, Brent crude futures were $ 71.72 a barrel, down 43 cents, or 0.6 percent, from their latest close.
US crude <LCOc1> was $ 62.92 a barrel, down 38 cents, or 0.6 percent, from the previous settlement.
"The price of oil was affected after President Trump indicated he had spoken to Saudi Arabia about limiting the impact of lower Iranian oil exports by increasing production elsewhere," ANZ Bank said on Monday.
Trump said on Friday he had called on Opec to cut prices. "Gasoline prices will fall. I called OPEC, and I told you to reduce it. "