Oil prices plunged about 5 percent on Tuesday to two-month lows as a sell-off in global equity markets raised worries about demand growth and after Saudi Arabia said it could supply more crude quickly if needed, easing concerns ahead of U.S. sanctions on Iran. Brent crude futures LCOc1 fell 4.25 percent, or $3.39, to settle at $76.44 a barrel after plunging 5 percent to $75.88, the lowest since Sept. 7. U.S. crude CLc1 ended the session at $66.43 a barrel, down $2.93, after falling 5.2 percent to a session low of $65.74, the lowest level since Aug. 20. If U.S. crude drops below $65, a psychologically important figure, that could trigger further technical selling, traders said. Both contracts notched the biggest percentage drop since July. “The […]