Oil prices fell Monday, dragged down by worries about weaker economic growth around the world.
Benchmark crude dropped $1.23 to $91.66 around midday Monday in New York. Oil fell more than 6 percent last week.
In London, Brent crude was down $1.89 to $109.53 on the ICE Futures exchange.
The latest dose of gloomy economic news game from Germany, where the Ifo index of business confidence fell for the fifth month in a row. Germany is an economic powerhouse, but 43 percent of its exports go to its euro partners. And growth is stalling across the other 16 countries in the eurozone.
Slower economies mean less demand for oil, pushing prices down.
The lower oil prices are somewhat positive for drivers in the U.S. The average price for gasoline slipped about 2.5 cents over the weekend to $3.808 per gallon, according to a daily survey from AAA, Wright Express and the Oil Price Information Service.
Other futures prices on the New York Mercantile Exchange:
? Natural gas fell 3 cents to $2.85 per 1,000 cubic feet.
? Heating oil fell 4 cents to $3.08 per gallon.
? Wholesale gasoline fell 8 cents to $2.82 per gallon.
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