CNBC | Oil plunges 3.2%, settling at $59.20, posting worst weekly decline in two years CNBC A crushing oil price rout extended into a sixth day, with U.S. crude falling below $59 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 steep weekly loss as supply fears mount Oil on course for worst week in year Oil Drops Below $60 as US Shale `Backlash' Rattles Traders |