CNBC | Oil falls below $60 for first time this year, on track for biggest weekly drop in 11 months 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 Oil on course for worst week in year Crude oil slides for 6th day and heads for 7.6% weekly slump |