USA TODAY | Oil plunges further amid global glut USA TODAY Concerns over the tepid global economy and surplus production that shows no sign of ebbing drove oil prices down even further on Wednesday. The price of West Texas Intermediate, the U.S. crude benchmark, tumbled 4.2% to $27.27 a barrel as of 7:02 a.m. ... Crude Oil Prices In 2016: Made In China? How Iran Could Quickly Send Oil Prices Even Lower Crude oil could rally 35% from here: Soc Gen |