LONDON (Dow Jones)--Crude futures continued to fall Tuesday as equity markets took a beating amid concerns over the health of the global economy. The FTSE 100 fell 4% as fears of recession in the U.S. and debt contagion across the euro zone continued to drive market sentiment. At 0835 GMT, the front-month September Brent contract on London's ICE futures exchange was $3.47, or 3.3%, lower at $100.27 a barrel. The front-month September contract on the New York Mercantile Exchange was trading down $3.65, or 4.5%, at $77.66 per barrel. "Oil markets continue to dovetail the moves in equities markets, so the recent price weakness is more a reflection of the general risk off mode than it is necessarily that of the factors that had hitherto lifted oil above $100," said Harry Tchilinguirian, oil market analyst at BNP Paribas. However, once equity markets stabilize oil prices should rebound, he added. The ICE's gasoil contract for August delivery was down $35.75, or 3.9%, at $864.50 per metric ton, while Nymex gasoline for September delivery was 524 points, or 2%, lower at $2.7493 per gallon. -By Sarah Kent, Dow Jones Newswires; 4420-7842-9376; sarah.kent@dowjones.com

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