CNBC | Oil bounces by $1 per barrel after 6-percent plunge, but outlook still weak CNBC Oil bounced by around $1 a barrel on Wednesday to claw back some of the previous day's 6 percent plunge, lifted by a report of an unexpected decline in U.S. commercial crude inventories and record Indian crude imports. But investors remained on edge, ... What's Happening to the Price of Oil? Oil plummets to 13-month low as crude crash deepens Oil Falls to Lowest in a Year on Concerns of Looming Supply Glut |