Published June 27, 2016 2:39pm EDT | Updated June 27, 2016 3:04pm EDT

Oil Futures Settle At Lowest Level In 7 Weeks

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.