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Brent, US crude extend losses to more than $1

oil-barrelsNEW YORK: Brent and US crude futures fell more than $1 on Monday as concerns about Greek debt talks and US budget negotiations kept the specter of dampened oil demand in focus and pressured oil and equities prices.

 

Brent January crude was down $1.08 at $110.30 a barrel by 11:16 a.m. EST (1616 GMT), the session low and below the 50-day moving average of $110.58 and the 100-day moving average of $110.48.

 

US January crude was down 93 cents at $87.35 a barrel, near the $87.27 session low.

 

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