Oil prices extend collapse; gold gains

London

GLOBAL oil prices tumbled to fresh five-year-low points last week, while gold won support from its status as a haven investment in times of economic unrest, traders said.

European stock markets slumped, dragged down by oil's plunge and renewed concerns over the eurozone economy.

The European Central Bank pumped more liquidity into the financial system last Thursday via private- sector loans but analysts said uptake by banks was disappointing and increased pressure for it to do more.

The Frankfurt-based centr…