Fri Oct 10, 11:23 AM ET LONDON (AFP) - Oil prices slumped Friday to one-year lows under 80 dollars per barrel, striking 75 dollars in London, amid a global equities meltdown that sparked fears over demand for energy, traders said.The International Energy Agency (IEA) also warned that the threat of recession and the ongoing financial crisis would erode oil demand and set back investment in new oilfields.
Brent North Sea crude for November plunged as low as 75.00 dollars -- which was last witnessed on October 12, 2007 -- as traders responded to renewed heavy falls on world stock markets.
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