Oil Slides Below $69: Oil Alert

Updated with recent prices.

NEW YORK (TheStreet) -- Oil futures slid just below $69 on Monday as the dollar strengthened slightly, continuing a Friday decline that saw the price of crude drop 3.7%.

Light, sweet crude for delivery in October was down 37 cents to $68.92 on the New York Mercantile Exchange. On Friday, the front-month contract plunged $2.65 to settle at $69.29 a barrel.

More than a few oil majors tracked back on Friday, and continued declining in the early going on Monday. Shares of Exxon Mobil(XOM Quote), Chevron(CVX Quote) and ConocoPhillips(COP Quote) lost nearly 1% on Friday. After the opening bell, shares were dipping another 0.5%, 0.4% and 0.8%, respectively.

American depositary shares for Royal Dutch Shell(RDS.A Quote) were losing 24 cents, or 0.4%, at $57.65, while BP(BP Quote) was bidding at $53.97, down 61 cents, in the morning.

Marathon Oil(MRO Quote) was losing 45 cents at $31.80, while Murphy Oil(MUR Quote) was down 27 cents at $59.61.

-- Written by Sung Moss in New York

Follow TheStreet.com on Twitter and become a fan on Facebook.