It's not just the stock market that's slipping. Oil prices dropped 10 percent this week, falling below $60 a barrel for the first time this year.
Record U.S. oil production is raising crude inventories -- oil that's pumped out of the ground but hasn't been sold. Investors worry that demand won't keep pace with the increased supply.
U.S. crude producers pumped out an average 9.3 million barrels a day in 2017 and will average 10.6 million this year, according to a U.S. Energy Information...
U.S. crude fell below $60 a barrel for the first time this year on rising production, a strong dollar and a broad financial market sell-off.
By Henning GloysteinSINGAPORE, Feb 22 (Reuters) - Oil prices fell on Thursday, pulled down as a firmer dollar outweighed a report of a decrease in U.S....