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SINGAPORE, Feb 26 Reuters Oil prices fell on Monday, extending losses from the previous session after the dollar rose on market views that higherthanexpected inflation could delay cuts to high U.S. interest rates that have been capping global fuel demand growth.

Brent crude futures fell 14 cents, or 0.2, to 81.48 a barrel by 0656 GMT, while U.S. West Texas Intermediate crude futures WTI declined 22 cents, or 0.3, to 76.27 a barrel as the U.S. dollar strengthened. A stronger dollar makes oil more expensive for holders of other currencies.

The dip built on losses last week, when Brent declined about 2 and WTI fell more than 3 as markets pushed out the start of U.S. interest rate cuts by two months due to an uptick in inflation.

The riskon sentiment seems to be in a retreat after the Nvidialed market rally last week as higherforlonger rate expectations lifted the U.S. dollar, pressuring commodity prices, Aucklandbased independent analyst Tina Teng said.

Oil prices have been trading between 70 and 90 a barrel since November, as rising supply in the U.S. and concerns of weak demand in China offset OPEC supply cuts despite two wars raging.

Crude oil prices declined for want of fresh drivers, ANZ analysts wrote in a note. Oil has been caught between bullish factors such as lower OPEC output and elevated…