Asian stock markets also down
Markets went into freefall
Investors flock to cash and bonds
Warning oil price could fall to $10 a barrel
Keeping a watchful eye on UK All Companies
The FTSE 100 dropped sharply during Monday's session as fears over significant falls in the oil price weighed on stocks.
The FTSE 100 has soared to its highest level since early 2000, as mining and housing stocks boost the blue-chip index at the start of the week.