Crude oil prices fell nearly $1 a barrel Monday in a selloff prompted by weakness in the commodities market and concerns that high oil prices are hurting demand.

Light, sweet crude for June delivery on the New York Mercantile Exchange fell 93 cents to $67.60 a barrel in electronic trading by afternoon in Europe. The June contract expires later Monday. The July contract fell nearly 77 cents to $68.52 a barrel.

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