Crude futures shrug off OPEC cut

摘要

New York-NYMEX December crude futures October 24 settled 3.69 lower at 64.15/barrel,as US equity markets continued a sell off on fears of a global recession,and traders shrugged off OPEC's 1.5 million b/d production cut.@_Body:Crude dipped to an intra-day low of 62.65/b during London trading,a 19-month low.The Dow Jones Industrial Average fell as much as 500 points at the start of open outcry before trimming its losses.At the time of the NYMEX close,the Dow Jones was at 8,350.9 and showing a loss of 340 points.