Updated with recent prices.
NEW YORK (
) -- 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
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
were losing 24 cents, or 0.4%, at $57.65, while
was bidding at $53.97, down 61 cents, in the morning.
was losing 45 cents at $31.80, while
was down 27 cents at $59.61.
-- Written by Sung Moss in New York
Follow TheStreet.com on
and become a fan on
Copyright 2009 TheStreet.com Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.