London - New York oil prices sank to a six-year low on Monday, falling below $44 per barrel as the market was plagued by plentiful supplies and the strong dollar.
In earlier deals, US benchmark West Texas Intermediate (WTI) for April delivery dived as low as $43.57 - hitting the lowest since March 12 2009.
The contract later recovered slightly to stand at $44.40, down 44 cents from Friday's closing level.