Oil prices have fallen sharply this evening on rising concern that turmoil in global financial markets will further affect demand for fuel.
Reports that US oil infrastructure had escaped major damage from Hurricane Ike also affected prices, which fell more than $5 on Monday after Lehman Brothers sought bankruptcy protection.
US crude was down $4.34 to $91.37 a barrel, while Brent crude fell $3.45 to $90.79, having earlier gone below $89.
Slowing demand in the US and other top consumer countries has sent crude prices tumbling from record highs above $147 a barrel in July.
OPEC today cut its 2008 forecast for world oil demand growth to 1.02% from 1.17% previously, in the face of falling demand already occurring in the US, the world's biggest consumer of energy.
