• بالعربية
    • Breaking news
    Dollar slips at Asia open as crypto leads gains|Oil prices drop more than 5% as Brent falls below $92|Gold tops $4,100 as oil prices drop|Oil tanker explodes in Strait of Hormuz, Iran media reports|Dubai traffic to ease: RTA opens new bridge on Oud Metha corridor as project hits 90%|

    Oil prices drop more than 5% as Brent falls below $92

    Brent crude and WTI both shed more than 5% on Monday, with Brent settling at $91.20 a barrel.

    Staff Writer
    Staff Writer
    Offshore oil platform in urban harbor, showcasing industrial scenery and oceanic platform structure.

    Article summary

    AI Generated

    Oil prices extended their losses on Monday, with Brent crude falling 5.77% to $91.20 a barrel and WTI dropping 5.50% to $84.40 a barrel as of 22:04 GMT.

    Key points

    • Brent crude fell 5.77% to $91.20 per barrel on Monday
    • WTI dropped 5.50% to $84.40 per barrel
    • Both benchmarks extended losses for the session

    Subscribe to our free newsletter to continue reading.

    Newsletters

    Oil prices extended their losses on Monday, with both major benchmarks falling more than 5% during the session.

    Brent crude futures dropped $5.58, or 5.77%, to $91.20 per barrel as of 22:04 GMT. West Texas Intermediate fell $4.91, or 5.50%, to $84.40 per barrel.

    Subscribe to our free newsletter

    More News

    Read all