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.
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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