Oil Continues To Fall on Financial Concerns

London, England, Sept., 16, 2008--Oil fell another $3 on Tuesday due to turmoil in the U.S. financial system, and was nearing the $90 mark.

Troubles with insurer AIG, on the heels of Lehman Brothers' filing for bankruptcy protection and Bank of America's agreement to buy Merrill Lynch stirred concerns that mounting global economic problems would slow energy demand further, sending investors out of oil.

High fuel prices and wider economic problems have dragged down oil demand in the United States and other large consumer nations, sending crude prices from a record high over $147 a barrel in July.