CNBC | Oil dips below $59 after big jump in US rig count, on track for biggest weekly drop since Jan 2016 CNBC A crushing oil price rout extended into a sixth day, with U.S. crude falling below $60 a barrel for the first time this year, as rising production, a strong dollar and a broad financial asset sell-off combined to weigh down the market. The drubbing ... Oil slides towards weekly loss on excess supply worries Crude oil slides for 6th day and heads for 7.6% weekly slump US oil futures fall below $60 a barrel |