New York oil dives to 4-year low under $70 after OPEC
Oil prices
London - AFP
Oil prices sank to fresh four-year lows on Thursday, with New York crude tumbling below $70 after the OPEC oil cartel held its collective output ceiling.
At about 1610 GMT, West Texas Intermediate for January delivery struck $69.11 per barrel -- last seen on May 25, 2010. Brent North Sea crude for January hit $72.74, a level last witnessed on July 7, 2010.
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