London - Oil prices slid on Monday, extending last week's sharp decline as the dollar strengthens on eurozone strains and record supplies in the United States add further downward pressure.
US benchmark West Texas Intermediate (WTI) for delivery in April shed $1.17 to $49.64 a barrel compared with Friday's close.
Brent North Sea crude for April lost $1.24 to stand at $58.98 in London afternoon deals.