Oil futures slumped to their lowest close in more than four years Tuesday, as traders grew more doubtful the Organization of the Petroleum Exporting Countries will deliver meaningful` production cuts when cartel officials meet later this week.Nymex WTI crude for January delivery CLF5, +0.05% dropped $1.69, or 2.2%, to close at $74.09 a barrel, the lowest finish for a most-active futures contract since September 2010. ICE January Brent LCOF5, +0.20% dropped $1.35, or 1.7%, to $78.33 a barrel.
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