Brent and WTI futures both dropped nearly 5% on Monday, settling at their weakest levels since March.
Oil prices dropped around four dollars on Monday, with Brent settling at $83.17 per barrel and WTI at $80.75, both hitting their lowest levels in three months. The declines of roughly 5% mark the steepest single-day fall for crude in recent weeks.
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Oil prices slid roughly four dollars on Monday, touching their lowest levels in three months as both major benchmarks closed sharply lower.
Brent crude futures fell $4.16, or 4.76%, to settle at $83.17 per barrel. West Texas Intermediate dropped $4.13, or 4.87%, to close at $80.75 per barrel.
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