Wall St slides as oil prices near seven-year low

Wall Street fell on Monday as energy and raw material stocks took a hit, with oil prices falling to their lowest in nearly seven years. Brent crude and U.S. crude extended their decline and fell as much as 5 percent, after OPEC's meeting last week failed to address a growing supply glut. Oil majors Exxon and Chevron fell about 3 percent and were the biggest drags on the S&P and among the stocks weighing on the Dow.