The continuing collapse in commodity prices pushed oil futures still lower Monday, and analysts predicted that the slide was far from over.
Oil prices fell to their lowest level in 12 years; futures of West Texas intermediate crude for February delivery settling at $31.41 a barrel, down 5.3 per cent. Oil futures, which lost 30 per cent last year, have declined every day of 2016. Brent oil, the main international benchmark, lost 6.5 per cent and closed at $31.55 a barrel.
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