Oil prices reach seven-month low

Market falls on more credit fears
The UK's main share index, the FTSE 100, falls sharply on fears of further credit woes in the banking sector.

Oil price hovers at $50 a barrel
Oil prices are hovering around $50 a barrel amid growing fears over a global recession and lower demand for oil.

Oil prices fall on economy fears
Oil prices fall on more bad economic news and after Opec hinted it would not cut oil production soon.

Oil falls amid economic concerns
Oil prices decline further amid concerns that a slowdown in the global economy will dent demand.

Hurricane fears raise oil prices
The cost of crude rises for a fourth straight day on fears that Tropical Storm Gustav may disrupt oil production.