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Whiting Petroleum (WLL) Stock Plummets on Record Low Oil Prices

NEW YORK (TheStreet) -- Shares of Whiting Petroleum Corp. (WLL - Get Report) are down by 5.83% to $8.57 in mid-morning trading on Monday, as oil prices hit a record low today.

Brent crude oil prices reached their lowest point in more than 11 years today on a continued global surplus, Reuters reports.

Crude oil (WTI) is lower by 1.50% to $34.21 per barrel this morning and Brent crude is slipping by 1.41% to $36.37 per barrel, according to the CNBC.com index.

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The price of crude oil is set for its largest monthly percentage drop in seven years with more barrels expected to enter the market from Iran, the U.S. and Libya, Reuters notes.

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