Crude Slides: Oil Alert (Updated)

Updated with recent price movements.

NEW YORK (TheStreet) -- After losing more than $3 Friday, Crude futures continued to slide Monday morning on reported fears among many that an economic recovery may still be a ways off.

Light, sweet crude for delivery in September dropped $2.14 at $65.37 per barrel on the New York Mercantile Exchange.

Equities around the world slumped on Monday in spite of encouraging news that Japan's economy grew 0.9% between April and June. The dollar, which has tended to move inversely with crude prices at points over the past few months, also strengthened against a host of currencies today.

Friday saw shares of most of the oil majors finishing in the red. Monday morning found many of the same continuing that trend. Shares of Exxon Mobil(XOM Quote) which lost 54 cents on Friday, were losing another 2%, or $1.36, at $66.85 this morning.

ConocoPhillips(COP Quote), BP(BP Quote) and Royal Dutch Shell(RDS.A Quote), which all slid on Friday, continued losing this morning with drops of 3.3%, 3.1% and 2.8%, respectively, after the opening bell.

Chevron(CVX Quote), which ended the day on a slight up note gaining 10 cents on Friday, was slipping just over 2%, or $1.40, at $66.55 this morning.

-- Reported by Sung Moss in New York