CNBC | Oil forecasts slashed as price nears $30 CNBC Already weak oil prices extended their decline overnight, nearing $30 a barrel, with a stronger dollar and jitters over volatile Chinese markets weighing on sentiment. U.S. WTI light sweet crude oil was 2 percent lower at $30.46 a barrel by 9:00 a.m ... Oil Flirts With $30 a Barrel Oil prices tumble 3 percent to just over $30; traders bet on more falls Oil dive deepens to 12-year low; could hit $20 on China woes |