Brent drops amid weak oil production in Gulf of Mexico

Crude declined on Monday trading session and are set to record the largest fall in three weeks as oil production in Gulf of Mexico fell amid storm Karen and after U.S. lawmakers failed to agree on a new debt ceiling. Brent for delivery in November dropped $1.07 to $108.39 a barrel on the London's ICE Futures Europe exchange and it was at a premium of $6.26 to WTI.