Oil futures dropped sharply on Monday, with West Texas Intermediate hitting a six-month low. The decline follows a sell-off in equity markets spurred by fears of a potential recession. West Texas Intermediate (WTI) is now flat for the year, while Brent crude has slipped into negative territory for 2024. The drop in oil prices comes as U.S. job growth and manufacturing data disappoint, raising concerns about economic health.

Here's a quick look at Monday’s energy prices:

West Texas Intermediate: $71.92/barrel, down 2.18%

Brent Crude: $75.35/barrel, down 1.9%

RBOB Gasoline: $2.27/gallon, down 1.99%

Natural Gas: $1.91/thousand cubic feet, down 2.95%

U.S. unemployment rose to 4.3%, and the manufacturing sector contracted for the fourth straight month, adding to market jitters.