By Yuka Obayashi and Sam Li TOKYO/BEIJING (Reuters) -Oil prices fell on Monday, erasing last week's gains, as loadings resumed at the key Russian export hub of Novorossiysk, after a two-day suspension at the Black Sea port that had been hit by a Ukrainian attack. Brent crude futures dropped 44 cents, or 0.68%, to $63.95 a barrel by 0751 GMT. U.S. West Texas Intermediate (WTI) crude futures were trading at $59.61 a barrel, down 48 cents, or 0.8% from Friday's close. Both benchmarks rose more than 2% on Friday to end the week with a modest gain after exports were suspended at Novorossiysk and a neighbouring Caspian Pipeline Consortium terminal, affecting the equivalent of 2% of global supply. Novorossiysk port resumed oil loadings on Sunday, according to two industry sources and LSEG data. H

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