CNBC | Oil loses a further 1.4% to wallow at 12-year lows CNBC Already weak oil prices extended their decline in early Asian hours, with a stronger dollar and jitters over volatile Chinese markets weighing on sentiment. U.S. WTI light sweet crude oil was 1.4 percent lower at $30.97 a barrel, while Brent crude oil ... Oil Skids to 12-Year Low Oil dive deepens to 12-year low; could hit $20 on China woes 'Lower for longer:' Oil prices crater to 2003 levels |