Oil prices plummet for 4th consecutive week over weak equity markets


Oil fell on Thursday, on course for its fourth consecutive week of decline, as rising crude supply met the bearish combination of concern over global growth and weak equity markets. Russia is pumping oil at a post-Soviet high, US crude output has topped 11 million barrels a day and a Reuters survey of OPEC production shows the group more than made up for any declines in Iranian shipments in October. Brent crude futures were down 79 cents at $74.

25 a barrel by 1043 GMT, while US futures fell 53 cents to $64.78 a barrel. "Given.

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