Oil prices fell more than 1 per cent on Monday, erasing much of last week's gains and tumbling alongside US stocks on uncertainty over a trade deal between the United States and China.
Brent crude futures settled at $62.44 a barrel, down 86 cents, or 1.4 per cent. West Texas Intermediate (WTI) crude ended 67 cents, or 1.
2 per cent, lower at $57.05 a barrel. Both benchmarks posted their second straight weekly gain last week, with Brent rising 1.3 per cent and WTI up 0.8 per cent.
Wall Street's three main stock indexes also.....