Oil prices drop over 7% at close
Oil prices fell sharply on Monday, with Brent and West Texas Intermediate futures both dropping more than 7% at settlement.
Key Takeaways
AIOil prices fell by more than 7% at settlement on Monday evening.
Brent crude futures dropped $8.66, or 7.63%, to $104.77 per barrel.
US West Texas Intermediate crude declined by $7.66, or 7.36%, to $96.46 per barrel.