Oil prices retreat from 6-month high The price of oil, which rose to its highest level in the last six months last week, fell in global market trading on Monday. West Texas Intermediate crude futures were down 2.23 cents, or 2.16%, at 101.4 cents a barrel. The future price of Brent crude oil also decreased by 2 dollars and 21 cents or 1.89% and reached 114 dollars and 51 cents per barrel. the channel.