Oil has fallen again in price as investors worry about the weak global economy.
By 1:26pm EST (1827 GMT) on Monday, US front crude was down $US1.29 to $US38.74. London Brent crude dropped 78 cents to $US41.11 per barrel.
The economic crisis has hit global oil demand and pushed prices down by more than $US100 a barrel since reaching $US147.27 on 11 July.
OPEC has made a series of production cuts totalling 4.2 million barrels per day since September.