CNBC | Oil Producers Have $100 Billion Wiped Out in Worst Start to Year Bloomberg Crude is hurtling down toward $30 a barrel as concerns increase over China's economy, a supply glut persists and the world's biggest oil-producing nations continue to pump at near-record levels. European and Asian shares dropped to three-month lows ... US oil sheds 5.56%, posts worst settle since Dec. 2008 |