Brent oil falls 4 percent to three-month low as supply outage concerns ease | Reuters:
Oil prices slumped more than 4 percent on Monday, with Brent reaching a three-month low, as Libyan ports reopened and traders eyed potential supply increases by Russia and other producers.
Brent crude LCOc1 futures fell $3.49 to settle at $71.84 a barrel, a 4.63 percent loss, while U.S. West Texas Intermediate (WTI) crude CLc1 futures fell $2.95 to settle at $68.06 a barrel, a 4.15 percent loss.
Brent’s dive pushed it to a session low of $71.52 during the session, its lowest since mid-April.
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