US oil price falls to near $92

Oil prices fell Monday after a big jump in the previous trading session that was sparked by expectations the Fed might delay stimulus reduction, AP reported.Benchmark U.S. oil for February delivery was down 36 cents to $92.36 a barrel at 0825 GMT in electronic trading on the New York Mercantile Exchange. The contract surged $1.06 to settle at $92.72 a barrel on Friday. The Fed said in December it would start cutting back its stimulus by $10 billion a month, but further cuts would depend on how many new jobs were added in coming months.Brent crude, used to set prices for international varieties of crude, eased 18 cents at $106.43 a barrel on the ICE exchange in London