Oil prices sink as Europe reintroduces coronavirus lockdowns

Oil prices were under pressure Monday as Western Europe imposed lockdowns aimed at slowing the spread of COVID-19 and Libya ramped up its production following the lifting of a force-majeure blockade.

Brent crude oil, the international standard, fell 68 cents to $37.26 per barrel and West Texas Intermediate crude oil, the U.S. benchmark, was off 84 cents