Lots of new worries that high prices are beginning to pinch demand for oil, exacerbated by IAE's...

|By:, SA News Editor

Lots of new worries that high prices are beginning to pinch demand for oil, exacerbated by IAE's latest report, Saudi Arabia reportedly reducing daily production 500,000 barrels/day, and Goldman's bearish comments. Oil futures tumble again - NYMEX -3.3% to $106.24 - weighing disproportionately on energy stocks (XLE -2.8%), today's worst performing group.