Oil price slides closer at $90

After the distressing US economic turmoil last week, oil has made a good record. Although, it is minimal, but the slight slump on its price is a good start in ensuring oil stability in the oil global market.

But with prices lately moving in sync with stock markets, traders began to fear that Friday's $1.30 surge might have been overdone after Wall Street ended the week on a down note following two days of sharp gains.

While many analysts say the risk of an economic slow-down could still take some steam out of oil prices that are not far away from their record $100.09 high, a thirst for alternative investments and OPEC's resolve has limited the downside so far.

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