TOKYO -- Crude oil prices have fallen 20% from a September high to a four-month low as economic slowdowns in the U.S. and China, the two largest consumers, lead to widespread expectations that demand will weaken.
Commodities
Oil prices plunge 20% from year's peak on weaker U.S., China demand
Oversupply likely to persist even if Saudi Arabia continues production cuts
Crude oil inventories in Cushing, Oklahoma, where many pipelines and refineries are located, have hit the highest level in two months. © Reuters
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