Brent drops below $97/b as demand shrinks along with supply


Oil prices fell by about 1% on Monday as investors weighed economic storm clouds that could foreshadow a global recession and erosion of fuel demand against potentially tight supply .

Brent crude futures fell 96 cents, or 1%, to $96.96 a barrel by 11:31 a.m. EDT (1531 GMT). West Texas Intermediate...