US benchmark West Texas Intermediate for January delivery fell 25 cents to US$57.56 while Brent crude for January was down one cent to US$61.84 in mid-morning trade on Monday - EPA Photo.
SINGAPORE: Oil prices sank to a fresh five-year low in Asia on Monday after a top Opec official said the relentless plunge was not just because of a global supply glut.
US benchmark West Texas Intermediate for January delivery fell 25 cents to US$57.56 while Brent crude for January was down one cent to US$61.84 in mid-morning trade.
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