Oil prices slumped again Monday, just days after OPEC+ announced it would accelerate production for the second month in a row, putting further pressure on the Trump administration’s “Drill, Baby, Drill” plans.
As of 3:30 p.m., both international and domestic benchmarks had fallen to or just below the $60 per barrel line. Brent Crude had fallen by 1.76% to trade at $60.21 per barrel. Earlier in the day, Brent dipped as low as $59 per barrel. Similarly, West Texas Intermediate had dropped by 2.06% and was selling at $57.09 per barrel.
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