Calgary Herald | After a steady rise, oil prices are now dropping sharply Calgary Herald Oil's rally is unraveling on fears over an increase in U.S. production and as a deepening slump in equities undermines market support. Benchmark Brent fell to its lowest level since Jan. 8 after Baker Hughes data showed American explorers last week ... Higher Oil Prices Are Bad News For India Oil extends declines on a strong dollar Crude Slides as Stock Markets Crumble, Drilling Activity Rises |