Baghdad: Oil prices fell on Monday pressured by concerns about a global supply glut, as trade tensions between the United States and China heightened worries about a slowing economy and weak energy demand.

According to National Iraqi News Agency, Brent crude futures decreased by 24 cents, or 0.4%, bringing the price to $61.05 a barrel. Similarly, West Texas Intermediate (WTI) crude futures fell by 21 cents, or 0.4%, to $57.33, which erased gains made on Friday.