Fox Business | Oil Drops on Supply, China Market Turmoil Fox Business Brent crude, the global oil benchmark, fell 2.9% to $58.58 a barrel on London's ICE Futures exchange. Brent crude last closed below $60 on April 14. U.S. crude futures were trading down 4.7% at $54.25 a barrel on the New York Mercantile Exchange. UPDATE 7-Oil falls more than 3 pct after Greek 'No' Oil prices tumble, falls below $60 after Greece vote Brent crude oil price falls below $60 for first time since April |