Oil prices extended losses as dealers took more profits from last week's record high after a mild storm left US Gulf oil infrastructure undamaged, allowing producers to resume pumping.
US crude fell 63 cents to $80.32 a barrel by 0208 GMT, adding to Monday's 67-cent loss to bring it nearly $4 below the record $83.90 set by the October-month contract on Thursday.
London Brent crude shed 56 cents to $78.35 a barrel.
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Oil Continues to Fall After Active Profit Taking
Oil prices extended losses as dealers took more profits from last week's record high
