Brent drops to $85.97 per barrel

Oil prices dropped on Monday amid the overall outflow of investors' funds from risky assets due to the signals of a new wave of crisis in the Chinese real estate market.

The US dollar gained 0.12%, which makes investments in crude less attractive, Report informs via Interfax.

Brent's October futures dropped by $0.84 (0.97%) at London's ICE, settling at $85.97 per barrel.

September futures for WTI by that moment dropped by $0.85 (1.02%), to $82.34 per barrel.