Oil down over USD7 a barrel in post settlement trade

LONDON: Brent crude futures continued tumbling after settlement on Monday to lose more than USD7 a barrel, hitting their lowest since late August, after US President Donald Trump downplayed the likelihood of renewed strikes on Iran. Brent crude futures settled down USD5.75, or 5.85 percent, at USD92.57 a barrel. Prices continued falling after settlement, and were last down more than USD7 a barrel. US West Texas Intermediate futures settled down USD3.98, or 4.38 percent, to USD86.85. US crude fut

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