Erbil:Oil prices experienced a decline as markets opened on Monday, with Brent crude oil decreasing by 64 cents, equivalent to a 0.64 percent drop, settling at $97.67 per barrel by 1134 GMT.

According to Wam, West Texas Intermediate (WTI) also saw a reduction in price, falling by 35 cents, or 0.40 percent, to reach $90.51 per barrel.

Brent crude oil briefly dropped by over $1 per barrel during trading.