CNBC | How Much Further Could Oil Prices Fall? OilPrice.com A stronger U.S. dollar as a result of the U.S. Federal Reserve Board statement and (in)action on 3 May has resulted in a predictable bloodbath in the US$-denominated commodity space, in particular gold and crude oil. Is this a portent of things to come? Oil went through a flash crash overnight, putting an already fragile market on edge Oil's tumble tests hard-fought recovery at energy groups Oil recovers after Saudi Arabia says Russia will agree to supply cuts |