U.K. stocks dropped for the first time in three sessions on Monday, with oil producers among the biggest decliners on growing concerns OPEC will fail to reach an output deal at a closely watched meeting this week.

U.S. stocks closed lower on Monday as investors found few reasons to keep pushing shares higher following an extended rally that took major indexes to a string of records and lifted major indexes for three straight weeks.

Expectations that a production deal among the Organization of the Petroleum Exporting Countries would unravel dominated Asian trade on Monday, adding volatility to regional stocks and currencies.