Investors jittery on oil, financials

(01:40) Report

May 9 - U.S. stocks fell in early Friday trade as oil toped $126 a barrel for the first time and a record loss at AIG added to lingering concerns about the financial sector.

Oil prices surged on global diesel and home heating supply concerns.

Citigroup announced plans to shed $400 billion in assets.

American International Group says credit markets still in trouble.

Conway Gittens reports from New York.

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