SINGAPORE (AFP) - Brent crude prices fell by more than 2 per cent on Monday following a deal between world powers and Iran on its controversial nuclear programme.

Brent North Sea crude for January delivery fell US$2.51, or 2.26 per cent, in early Asian trade to US$108.54, while New York's main contract, West Texas Intermediate (WTI) for January was down 89 US cents, or about 1 per cent, at US$93.95.