| GEO Business|
| Oil prices falls near four-year lows|
| Updated at: 1149 PST, Friday, December 05, 2008|
SINGAPORE: Oil prices held steady near four-year lows on Friday but analysts said they were likely to fall even further as economic data signalled a global economic downturn may be deep and prolonged, analysts said.
New York's main futures contract, light sweet crude for January delivery, fell 10 cents to 43.57 dollars a barrel -- off a low of 43.39 after dropping 3.12 dollars to 43.67 on the New York Mercantile Exchange Thursday.
Brent North Sea crude for January eased eight cents to 42.20 dollars a barrel, slightly off its morning low of 42.13. The contract fell 3.16 dollars to 42.28, also the lowest level since January 2005, on Thursday in London.