Singapore - Brent crude fell towards $59 a barrel on Monday as a promising US jobs report pushed the dollar up, offsetting geopolitical tensions and the threat of output cuts in Libya and Iraq.
The dollar hit a more than 11-year high against a basket of currencies after data showed the US unemployment rate fell to the lowest since May 2008 in February, making commodities priced in the greenback costlier for holders of other currencies.
Brent eased 43 cents to $59.30 by 04:45 GMT, after dropping 75c in the previous session. It fell 4.6% last week in its biggest decline since the week ended January 9.