Crude-oil futures extended their slide Wednesday, ending at a four-year low on expectations the Organization of the Petroleum Exporting Countries won’t move to significantly cut oil production.On the New York Mercantile Exchange, light, sweet crude futures for delivery in January CLF5, -1.25% declined 40 cents to close at $73.69 a barrel, continuing to plumb levels last seen by a most-active contract in September 2010. January Brent crude LCOF5, -1.48% on London’s ICE Futures exchange slid 54 cents to $77.80 a barrel.
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