CBC.ca | Crude oil closes below $40 US for 1st time since April CBC.ca The most recent inventory figures from the U.S. Energy Information Administration (EIA) showed that the U.S. added 1.7 million barrels of crude in the week ending July 22 — pushing the commercial crude oil inventory figure to "historically high levels ... Oil Drops Amid Global Economy Concerns and Crude Oversupply US crude settles below $40 for first time since April, down 1.4% at $39.51 Oil prices just slipped into the third bear market in two years |