Oil prices continue to plummet

Crude oil futures continued to plummet today on the belief that fuel supplies in the United States will be adequate to deal with its coming winter.

Light, sweet crude for December on the New York Mercantile Exchange fell 24c from its overnight closing to $47.13 per barrel in after-hours electronic trade early today. The benchmark was at its lowest level since more than seven weeks ago, when Nymex oil closed at $47.10 on September 21.