LONDON—Oil prices fell on Monday in volatile trade, reversing some gains from the previous session as markets braced for new mass COVID-19 testing in China potentially hitting demand, a concern that outweighed ongoing concerns about tight supply.
Brent crude futures fell $1.29, or 1.2 percent, to $105.73 at 0900 GMT, after climbing 2.3 percent on Friday. U.S. West Texas Intermediate (WTI) crude futures declined by $1.78, or 1.7 percent, to $103.01, paring a 2 percent gain from Friday.
