Oil Futures Settle At Lowest Level In 7 Weeks

By Myra P. SaefongMarketsMarketWatch Pulse

Oil futures dropped Monday, sending prices to their lowest level in about seven weeks as the U.K.'s vote to leave the European Union raised concerns over a slowdown in energy demand. August WTI crude settled at $46.33 a barrel on the New York Mercantile Exchange, down $1.31, or 2.8%. Futures prices marked their lowest settlement since May 10, according to FactSet.

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