Oil prices continue to drop, toeing $60 line

Oil prices continued to plunge Monday in the fallout from President Donald Trump’s sweeping tariffs, with domestic prices hitting as low as $59 per barrel in early trading.

While prices appeared to recover slightly by midmorning, both international and domestic benchmarks saw prices drop by over 2% around 11:30 a.m. EST. At the time, Brent Crude prices were down 2.09%, trading at $64.21 a barrel. West Texas Intermediate also dropped by 2.58% and was priced at $60.39 per barrel.