SINGAPORE, July 11 (Reuters): 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%, to $105.73 at 0900 GMT, after climbing 2.3% on Friday. US West Texas Intermediate (WTI) crude futures declined by $1.78, or 1.7%, to $103.01, paring a 2% gain from Friday.
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