Wall Street Journal | Oil Tumbles on Reignited Oversupply Fears, Dollar Strength Wall Street Journal Oil prices tumbled Monday as fresh OPEC supply data and continued strength in the dollar spooked traders. Light, sweet crude for September delivery fell 2.1% to $66.21 a barrel on the New York Mercantile Exchange, on track for its lowest close since ... Saudi Arabia cuts oil production in July despite OPEC agreement to hike output OIL PRICE CRISIS: Saudi Arabia CUTS OIL PRODUCTION as US oil prices drop Saudi Arabia trims oil production despite vow to increase output |