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Oil drops below $40 a barrel

The price of American crude oil dipped below the $40 a barrel mark on Friday for the first time since 2009.  West Texas Intermediate (WTI) crude oil prices went as low as $39.86 a barrel Friday, falling below the $40 ...

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Oil drops a third day as Libyan production adds to global glut

Oil fell for a third day as rising Libyan output added to speculation that unyielding OPEC production will prolong a global glut. Futures slid as much as 0.5% in New York. Libya, a member of the Organization of Petroleum Exporting ...

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