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Wednesday, October 22, 2008

Brent crude plunges below $65 a barrel


NEW YORK: Brent crude oil plunged five percent, to a 16-month low below 65 dollars a barrel, in early afternoon trade on news of a sharp build in US energy stockpiles.

In London, Brent North Sea crude for December delivery fell to 64.59 dollars, its lowest level since May 9, 2007.


news by ary