Oil prices are dropping on Monday morning after rising to near six-month highs late last week.

Accordingly, Brent crude oil futures for December delivery are trading at $114.53 a barrel on the ICE Futures stock exchange in London, down $2.19 (1.88%) from their previous close. On Friday, they had risen $3.55 (3.14%) to $116.72 a barrel.

And WTI crude oil futures for December delivery fell $2.21 (2.14%) to $101.06 a barrel in online trading on the New York Mercantile Exchange (NYMEX). At Friday's trading session, they had increased by $3.8 (3.8%) to $103.27 per barrel.