The price of oil on world commodity exchanges was falling Monday morning on news that the global economy was showing signs of slowing down.
The price of a June futures contract for WTI light sweet crude in electronic trading on Nymex was down 75 cents to $96.55 a barrel by 7:10 Moscow time. The price of a June futures contract for North Sea Brent blend had dropped 34 cents to $118.76 in London.
Oil prices changed the day before with June WTI contracts off $1.99 to $97.30 a barrel and June Brent contracts up 38 cents to $119.10 per barrel.
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