Crude Oil Prices Fall Further - TheStreet

Crude Oil Prices Fall Further

October West Texas Crude was recently losing $1.50 at $108.21 a barrel.
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Crude prices are falling again Wednesday after the U.S. Coast Guard conducted its first aerial survey of oil installations in the Gulf of Mexico and confirmed that no major structural damage was caused by Hurricane Gustav.

October West Texas Crude was recently losing $1.50 at $108.21 a barrel, and Brent crude was down $1.20 at $107.14 a barrel. Near-month natural gas was sliding 18 cents at $7.08 per million British thermal units.

Cramer: Gulf Can't Make or Break Oil

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Meanwhile, energy stocks are mixed in recent trading, with

BP

(BP) - Get Report

gaining 1.2% at $54.66,

Total

(TOT) - Get Report

moving 1.2% lower at $67.45, and shares of

Exxon Mobil

(XOM) - Get Report

edging 0.6% higher at $77.79.

The

U.S. Oil Fund

(USO) - Get Report

, an exchange-traded fund that closely tracks the performance of WTI futures on the Nymex, was falling 1.8% at $87.61.