Brent crude fell below US$90 a barrel, while US stocks rose as markets reacted positively to softer-than-expected sanctions and positive talks between Pakistan and Iran.

Oil prices fell more than one dollar on Monday as investors took profits and awaited expected new U.S. sanctions on Iran.

SINGAPORE: Oil prices slipped more than $1 a barrel on Monday as investors took profits ahead of an expected announcement from Washington about imposing more sanctions on Iran…

Both main crude contracts were down 2.3 per cent, with the Brent benchmark sitting at US$92 a barrel.

Brent slipped 1.4 percent to $93.07

Crude oil price rise as markets assess the effects of new US sanctions on Iran's economy.