Oil falls below $90, hits eight-month low

U.Scrude futures fell to an eight-month low on Monday, partly because the deepening credit crisis led to a sell-off across the marketU.Sstocks plunged on the 6th, despite the U.SCongress on the 3rd passed financial stability measuresGasoline futures fell to near-one-year lows, while heating oil futures fell to near eight-month lowsNYMEX November crude futures settled down $6.07, or 6.47 percent, at $87.81 a barrel, the lowest since the February 6 close, trading ranged from $87.56 to $92.68Brent for Novemberfell $6.57, or 7.28 percent, to settle at $83.68 a barrel, trading in a range of $83.36 to $88.65, after hitting a low of $82.41 on October 24, 2007November RBOB gasoline futures were down 16.92 cents, or 7.59 per cent, at $2.0591, with a range of $2.0530 to $2.2270, the lowest since hitting $2.0478 in October 2007heating oil futures for novemberclosed down 18.80 cents, or 7.06 percent, at $2.4740 a gallon, with an intraday trading range of $2.4680 to $2.6589, the lowest since hitting $2.4614 on Feb8investors are pulling money out of commodity and stock marketsNatural gas futures hit an 11-month low, mainly affected by the sharp drop in U.Sstocksin the eyes of market participants and analysts, the short-term support factors for the crude oil market are not much link NYMEX crude oil futures 7 Asian electronic market rise by the view of crude oil overnight excessive decline and OPEC December meeting will cut production expectations, NYMEX crude oil futures 7 Asian electronic market higher, OPEC chairman recently said that appropriate measures will be taken to stabilize the market , Oct 7 (Xinhua) -- New York Mercantile Exchange (NYMEX) crude oil futures rose for the first time in five days in Asian electronic trading on Friday, as some traders said crude oil fell 6.5 percent overnight and predicted a production cut at its December meeting because of slowing demand 's OPEC chairman, Chakib Khelil, said recently that the group would take "appropriate measures" to stabilize the international oil market "Oil prices have fallen too much, which could prompt OPEC to cut production, " said the fund manager NymeX November crude futures rose $1.88 to $89.69 a barrel at 12:33 p.m The contract fell $6.07, or 6.47 per cent, to $87.81 a barrel, its lowest close since February 6, with trading ranges ranging from $87.56 to $92.68 Intercontinental Exchange (ICE) November Brent crude futures rose $1.32 to $85 a barrel The contract fell $6.57, or 7.28 per cent, to $83.68 a barrel, with a range of $83.36 to $88.65, after hitting a low of $82.41 on October 24, 2007 U.S crude futures fell to an eight-month low on Monday, partly because the deepening credit crisis led to a sell-off across the market U.S stocks plunged on the 6th, despite the U.S Congress on the 3rd passed financial stability measures Gasoline futures fell to near-one-year lows, while heating oil futures fell to near eight-month lows 　　NYMEX November crude futures settled down $6.07, or 6.47 percent, at $87.81 a barrel, the lowest since the February 6 close, trading ranged from $87.56 to $92.68 Brent for November fell $6.57, or 7.28 percent, to settle at $83.68 a barrel, trading in a range of $83.36 to $88.65, after hitting a low of $82.41 on October 24, 2007 November RBOB gasoline futures were down 16.92 cents, or 7.59 per cent, at $2.0591, with a range of $2.0530 to $2.2270, the lowest since hitting $2.0478 in October 2007 heating oil futures for november closed down 18.80 cents, or 7.06 percent, at $2.4740 a gallon, with an intraday trading range of $2.4680 to $2.6589, the lowest since hitting $2.4614 on Feb 8 investors are pulling money out of commodity and stock markets Natural gas futures hit an 11-month low, mainly affected by the sharp drop in U.S stocks in the eyes of market participants and analysts, the short-term support factors for the crude oil market are not much link NYMEX crude oil futures 7 Asian electronic market rise by the view of crude oil overnight excessive decline and OPEC December meeting will cut production expectations, NYMEX crude oil futures 7 Asian electronic market higher, OPEC chairman recently said that appropriate measures will be taken to stabilize the market , Oct 7 (Xinhua) -- New York Mercantile Exchange (NYMEX) crude oil futures rose for the first time in five days in Asian electronic trading on Friday, as some traders said crude oil fell 6.5 percent overnight and predicted a production cut at its December meeting because of slowing demand 's OPEC chairman, Chakib Khelil, said recently that the group would take "appropriate measures" to stabilize the international oil market "Oil prices have fallen too much, which could prompt OPEC to cut production, " said the fund manager NymeX November crude futures rose $1.88 to $89.69 a barrel at 12:33 p.m The contract fell $6.07, or 6.47 per cent, to $87.81 a barrel, its lowest close since February 6, with trading ranges ranging from $87.56 to $92.68 Intercontinental Exchange (ICE) November Brent crude futures rose $1.32 to $85 a barrel The contract fell $6.57, or 7.28 per cent, to $83.68 a barrel, with a range of $83.36 to $88.65, after hitting a low of $82.41 on October 24, 2007 (name)