Markets

Oil falls $6 a barrel as stock markets tumble

Brent and U.S. crude futures extended losses in a late-session drop on Monday, dragged down by a rapid selloff on Wall Street the first trading day after Standard & Poor's downgraded the United States.

In London, ICE Brent for September delivery traded as low as $103.30 a barrel, down more than $6 from Friday's settlement at $109.37.

On the New York Mercantile Exchange, crude for September delivery hit a session low of $81.07 a barrel, down $5.81.

(Reporting by Gene Ramos; Editing by Dale Hudson)

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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