Brent crude fell 53 cents to $92.74

Oil prices fell on Monday, with Brent crude falling 53 cents, or 0.6 percent, to $92.74 a barrel by 00:55 GMT, following rising $2.16 on Friday.

US West Texas Intermediate crude fell 74 cents, or 0.8 percent, to $91.57 a barrel, following rising $2.04 in the previous session.

Both benchmarks reached their highest levels in seven years on Friday, continuing their rise for a seventh week due to continuing concerns regarding supply disruptions.

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