Oil Prices Drop as Crude Inventories Rise
Oil prices experienced a slight drop on Monday, following recent energy reports highlighting elevated crude inventories and mixed demand forecasts.
Brent crude futures declined by $0.94 or 1% to trade at $93.45 a barrel by 23:08 GMT.
US West Texas Intermediate (WTI) crude similarly fell by $0.92 or 1.06%, settling at $86.14 a barrel.