With speculation that the credit crisis may continue to weigh on the U.S. consumer, crude futures pulled back from Friday's record close on speculation for weakening demand. Crude for December delivery closed down $1.95, or 2%, at $93.98 per barrel, sharply lower from an intraday record high of $96.24 in electronic trading last Thursday.

Meanwhile, the potential for more fallout from the credit and subprime crises helped push gold futures to their highest level in nearly 28 years. With Citigroup's warning playing no small part, gold for December delivery rose $2.30 to finish at $810.80 an ounce, down from an intraday high of $813.80 an ounce.