• Oil price slumps to new four-year low at US$35.62
  • AFP
  • 1229681347
  • The price of New York crude oil sank on Friday to US$35.62, the lowest point for four and a half years, as prospects of weak global energy demand overshadowed this week's record Opec output cut, traders said.
    • Price at levels last seen in 2004
    • Likely to stabilise US$35-40