The first direct electrical resistance measurements performed on a sin
gle carbon nanotube bundle from room temperature down to 0.3 K and in
magnetic fields up to 14 T are reported. From the temperature dependen
ce of the resistance above 2 K, it is shown that some nanotubes exhibi
t a semimetallic behavior akin to rolled graphene sheets with a simila
r band structure, except that the band overlap, DELTA almost-equal-to
3.7 meV, is about 10 times smaller than for crystalline graphite. In c
ontrast to graphite which shows a constant low-temperature resistivity
, the nanotubes exhibit a striking increase of the resistance followed
by a broad maximum at very low temperatures. A magnetic field applied
perpendicular to the sample axis decreases the resistance. Above 1 K,
this behavior is consistent with the formation of Landau levels. At l
ower temperatures, the resistance shows an unexpected drop at a critic
al temperature which increases linearly with magnetic field. These str
iking features could be related to the unique quasi-one-dimensional st
ructure of the carbon nanotubes.