FXStreet (Mumbai) - Oil prices fell for the seventh consecutive session on Monday as the markets continue to price-in worries about the extended period of excess supply ahead. Longest losing streak since mid-2014 At the time of writing, the WTI Jan futures were down 14 cents or 0.40% to USD 35.48/barrel. Brent futures were down 13 cents or 0.34% to USD 38.19/barrel. The drop today marks the oil’s longest losing streak since mid-2014. The fall gained pace after the IEA report released last week highlighted the OPEC’s renewed determination to pursue its policy of defending market share and driven out non-OPEC oil supply. Consequently, the markets are worried the excess supply problem is here to stay for a long time. For more information, read our latest forex news.