Oil below 70 dollars on China's equities loss

• Source: Xinhua
• [18:03 September 01 2009]
• Comments

Oil prices plummeted more than 4 percent to below 70 US dollars on Monday as China's major equities index tumbled.

Light, sweet crude for October delivery fell 3.26 dollars, or 4. 5 percent, to 69.48 dollars a barrel at 11:50 a.m. EDT on the New York Mercantile Exchange.