Oil hits near four-year low on weak economic news
2008-12-04 / News
VIENNA, Austria (AP) — Oil prices sank Thursday to lows last seen nearly four years ago as more bleak news from the world's largest economy boosted views that crude could tumble below $40 by the end of the year. After sinking more than $1 earlier in the day to approach levels traded at in February 2005, light sweet crude was trading at $46.
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