Oil is crashing again

Advertisement

After a rally on Friday, oil is tanking again on Monday morning.

Advertisement

Oil rocketed 8% on Friday, boosting stock markets around the world. Both Brent and US crude were trading higher in early trade on Monday.

But, at 9.30 a.m. GMT (4.30 a.m. ET), the price is diving again.

Brent is down 2.33% at $32.08:

Brent

Investing.com

While US crude is down 2.53% at $31.38.

US

Investing.com

Advertisement

NOW WATCH: 7 inventors who were killed by their own inventions