Investing.com - Oil prices dipped on Monday as traders took profits after three weeks of gains and as a jump in the dollar late last week was priced into fuel markets.
Brent crude was trading at $44.62 per barrel at 08.30 GMT, down 45 cents from its last settlement.
U.S.Crude futures were down 45 cents at $43.28 a barrel.
Analysts said the price drops were a result of cashing in after three weeks of rising prices.