BEIJING - Oil prices fell at Asia's open on Monday, as market participants dialled back risk premiums following Iran's attack on Israel late on Saturday which the Israeli government said caused limited damage.futures for June delivery fell 24 cents to $90.21 a barrel while West Texas Intermediate futures for May delivery were down 38 cents at $85.28 a barrel by 1256 GMT.
While Israeli officials said the country's war cabinet was in favour of retaliation, the U.S. said it would not take part in any offensive against Iran. Global powers, other Arab nations and the UN secretary general have issued calls for restraint. But prices still ended the week down about 1% after the International Energy Agency lowered its forecast for oil demand growth this year.