USD 64.429

+0.31

EUR 71.2391

+0.64

BRENT 65.31

+1.67

AI-92 42.37

-0.03

AI-95 46.12

+0.01

AI-98 51.87

-0.02

Diesel 46.15

0

23

Oil Dropped Below $90 on Spurred Profit Taking

Oil prices dropped lower $90 a barrel on Monday, as weaker global stock markets spurred profit taking

Oil prices dropped lower $90 a barrel on Monday, as weaker global stock markets spurred profit taking, although expectations that OPEC will resist pressure to raise output this week limited deeper losses.

U.S. light, sweet crude for March delivery slid 84 cents to $89.87 a barrel by 0438 GMT. Prices gained 14 cents last week after clawing back from a six-week low of $86.11 a barrel.

Brent crude in London traded down 76 cents at $90.14 a barrel.