Oil prices plummeted on Monday, falling to their lowest levels in over a week. The decline was led by Brent crude futures, which dropped by $8.42, or 8.7%, to settle at $88.36 per barrel.
This marked the lowest closing price for Brent since July 17. U.S. West Texas Intermediate (WTI) crude futures also declined, dropping $6.70, or 7.5%, to close at $82.61 per barrel.
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