Crude prices inched down on Monday, paring 3 percent gains in the previous session, as the dollar firmed and traders eyed persistent concerns over a global oil glut despite some signs oil producers may try to tackle weak oil prices.

The U.S. dollar held firm as Friday's disappointing U.S. jobs growth figures did little to change investors' perception that the Federal Reserve is likely to raise interest rates in coming months.

"Crude is down now because they think there's going to be a hike in (U.S.) interest rates," Tony Nunan, oil risk manager at Japan's Mitsubishi Corp in Tokyo said. "Probably the jobs report is good enough that there is a chance that there will be a rate hike in September."

London Brent crude for November delivery was down 37 cents at $46.46 a barrel by 0353 GMT, after settling up $1.38 on Friday.

                             Brent rallied to above $50 a barrel in late August helped by growing talk of a coordinated production freeze, but prices have since fallen as few believe OPEC will cut output. 

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