Oil Prices Drop As Economic Concerns Mount

Oil prices fell early on Monday, weighed down by an overall gloomy market sentiment about the economy, a stronger U.S. dollar, and mixed data out of China. As of 7:25 a.m. ET on Monday, WTI Crude was down by 0.89% at $84.08, and the international benchmark, Brent Crude, was trading down by 0.61% at $92.73. The global markets continue to focus on the possibility of a slump in oil demand amid rising signs of weakening economies and the potential for further weakness ahead as the Fed and other central banks continue on the path of aggressive interest…