Brent Prices Continue Slide on Monday

While the U.S. markets took a break for Martin Luther King, Jr. Day, the London markets kept trading. March Brent crude lost 13 cents on Monday to settle at $28.81 a barrel on the London ICE Futures Exchange.

News of Iranian oil sanctions being lifting has traders in a bearish mood. Stories of oversupply and slowing demand dominate the energy sector’s focus.

U.S markets resume trading on Tuesday.