Oil prices tumble under 93 dollars

LONDON: Oil prices plunged below 93 dollars a barrel Monday, reaching the lowest levels since February, on the prospect of weaker demand for energy amid a worsening global financial crisis in the wake of Lehman Brothers' bankruptcy, analysts said.

Brent North Sea crude for delivery in October tumbled by more than four dollars to 92.84 dollars a barrel.

"Oil futures were down ... as turmoil in the financial markets hurt sentiment and reinforced concerns about weaker oil demand growth," said Sucden analyst Michael Davies in London.