NEW YORK (MarketWatch) — Another drop by oil prices Tuesday, coming after a downdraft Monday means that as crude slogs through its steepest slide since the 2008 financial crisis, so far there’s no end to the slump in sight yet.

The U.S. oil benchmark CLF25, settled at $63.05 a barrel on Monday — a fresh five-year low and was threatening to fall to around $62 on Tuesday. January Brent crude on London’s ICE Futures exchange also erased earlier gains and was off $0.28, or around 0.4%, to $66.96.