The drop in oil prices exceeded 6% Oil prices fell by more than 6% at the end of Monday in hopes of an end to the conflict in the Middle East. Brent futures for January on the ICE Futures exchange in London, as of 17:36 Moscow time, are down $7.1 (6.26%) to $106.33 per barrel. WTI oil futures for December on the New York Mercantile Exchange fell $6.86 (6.59%) to $97.26 per barrel.