TOKYO :Oil prices fell in early Asian trade 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 58 cents, or 0.9 per cent, to $63.81 a barrel at 0050 GMT. U.S. West Texas Intermediate (WTI) crude futures were trading at $59.50 a barrel, down 59 cents, or 1.0 per cent from Friday's close. Both benchmarks rose more than 2 per