Oil prices fell on Monday after a U.S. government official said Washington was considering granting waivers to its sanctions against Iran’s crude exports next month, and as Saudi Arabia was said to be replacing any potential shortfall from Iran.
International benchmark Brent crude oil futures were at $83.53 per barrel at 0028 GMT, down 63 cents, or 0.75 percent, from their last close.
U.S. West Texas Intermediate (WTI) crude futures were down 39 cents, or 0.5 percent, at $73.95 a barrel.