International oil prices have nosedived amid worries about a slowdown in the Chinese economy.

On the New York Mercantile Exchange, West Texas Intermediate for May delivery lost two-point-eight percent or two dollars and 58 cents from the previous trading session to end at 88 dollars and 71 cents per barrel on Monday. This was the lowest point since the beginning of this year.

At the London ICE Futures Exchange, Brent crude traded at 100 dollars and 37 cents per barrel, down two-point-59 percent.

Gold tumbled to its lowest price in two years. Gold for June delivery dropped nine-point-three percent or 140 dollars. It also fell 30 cents from the closing price on Friday to one-thousand-361 dollars and ten cents per ounce Monday.