U.S. crude-oil futures spiraled further down in electronic trade late Sunday, with the most-active January 2015 contract CLF5, -2.45% breaking below the $65-a-barrel handle to hit $64.90 as East Asian markets opened.The drop represented a 2% fall from the New York Mercantile Exchange settlement Friday, when the contract had plunged 10% after the Organization of the Petroleum Exporting Countries failed to agree to an output cut.
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