Oil prices drop to the lowest settlement in 2 weeks

Oil prices dropped Monday, with the U.S. benchmark settling at its lowest in two weeks. Prices tracked the sharp losses in the U.S. stock market, with strength in the dollar and ongoing concerns over rising U.S. crude production contributing additional pressure. March West Texas Intermediate crude fell $1.30, or 2%, to settle at $64.15 a barrel on the New York Mercantile Exchange. That was the lowest finish since Jan. 22, according to FactSet data.

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From:: Stock Market News

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