Wall St. squeezed by credit jitters

October 15, 2007

Crude oil closed above $86 a barrel for the first time on record.Blue chips succumbed to a 108 point deficit to close at 13,894. The S&P 500 lost 13 points to 1,548. The Nasdaq fell 25 points to 2,780.SPEAKER: Raymond Carbone, president, Paramount Options.Conway G. Gittens reports from New York City.