LONDON: Oil prices fell more than $2 in choppy trade on Monday, as investors awaited clarity on the status of talks between the U.S. and Iran and remained wary about sustained supply losses due to shipping disruptions.

Brent crude futures fell $1.92, or 1.76%, to $107.11 a barrel at 1037 GMT. U.S. West Texas Intermediate crude futures were trading down 1.82%, or $2.03, at $109.50 per barrel.