Oil prices are lower as Europe's ongoing debt crisis fueled concerns about future energy demand.
Benchmark crude on Monday fell 47 cents to $86.33 per barrel in New York, while Brent crude fell $1.38 at $110.85 in London.
Oil has tumbled 24 percent since May on fears of a slowdown in the global economy. Investors focused on weak gasoline demand in the U.S. and budget problems in Greece.
Prices had started to rise last week as European leaders appeared to be near a turning point. But on Monday German finance chief Wolfgang Schaeuble dampened expectations that they'd hammer out a solution.
Meanwhile, gasoline pump prices rose a half penny to a national average of $3.462 per gallon.
To comment, the following rules must be followed:
Comments may be monitored for inappropriate content, but the station is under no legal obligation to do so.
If you believe a comment violates the above rules, please use the Flagging Tool to alert a Moderator.
Flagging does not guarantee removal.
Multiple violations may result in account suspension.
Decisions to suspend or unsuspend accounts are made by Station Moderators.
Questions may be sent to firstname.lastname@example.org. Please provide detailed information.