Oil prices slide, extending last week’s decline

BEIJING: Oil prices extended last week’s decline to fall by about $4 a barrel during early trade on Monday after a U.S. official said Russia was showing signs it might be willing to have substantive negotiations over Ukraine.

Brent crude futures was last down by $4.12 or 3.6% at $108.55 a barrel at 0115 GMT on Monday.

U.S. West Texas Intermediate (WTI) crude futures eased $3.93 or 3.7% to $105.40 a barrel.