SINGAPORE: Oil prices sank further to new multi-year lows in Asia on Tuesday, with analysts weighing the possible political and economic fallout in oil-producing countries with little respite in the selling.
US benchmark West Texas Intermediate for January delivery fell 33 cents to $55.58 while Brent crude for January eased 46 cents to $60.60 in afternoon trade—both contracts at levels not seen since mid-2009.
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