On the New York Mercantile Exchange, light, sweet crude futures for delivery in November CLX4, -4.02% dropped $1.54, or 1.8%, to close at $85.77 a barrel, the lowest finish since December 2012. December Brent crude on London’s ICE Futures exchange LCOX4, -1.94% temporarily dropped below the psychologically important threshold of $90 a barrel before finishing at $90.05, a loss of $1.33 and the lowest close since June 2012.
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