Oil drops below $96 a barrel

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    The latest readings on Chinese inflation and renewed worries about European debt pushed oil lower.

    Here’s a breakdown of how energy prices traded Monday:

    On the New York Mercantile Exchange:

    Crude fell $1.05 to settle at $95.15 per barrel.

    Gasoline lost 2.21 cents to settle at $3.0705 per gallon.

    Heating oil gave up 0.89 cents to settle at $3.0875 per gallon.

    Natural gas added 7.3 cents to settle at $4.277 per 1,000 cubic feet.

    On the ICE Futures exchange:

    Brent crude lost $1.09 to settle at $117.24 per barrel.