Oil prices plunge

Oil prices tumbled to their lowest level for four months today as unseasonably warm weather kept heating systems switched off.

Oil prices plunge
Fri, 11 Nov, 2005 - 13:36

Oil prices tumbled to their lowest level for four months today as unseasonably warm weather kept heating systems switched off.

The end of the hurricane season in the Gulf of Mexico was also cited as a reason why traders were able to purchase a barrel of US light crude oil for December delivery for less than $57 for the first time since July 21.

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