Oil prices fell on Monday.
The West Texas Intermediate for January delivery lost 1.2 U.S. dollars, or 2 percent, to settle at 58.88 dollars a barrel on the New York Mercantile Exchange. Brent crude for February delivery dropped 1.26 dollars, or 1.98 percent, to 62.49 dollars a barrel on the London ICE Futures Exchange.
Crude futures settle lower
