Reuters | Oil plunges on bloated US supply, dollar Yahoo7 News Oil prices plunged on the double whammy of a surging dollar and a new report that raised worries about a U.S. oil glut that could send crude dramatically lower. The drop in oil also slammed the stock market, reeling too from the stronger dollar. The ... Oil pares loss but sticks to a two-week low Oil down as supply offsets dollar, Brent-US spread near week high The U.S. Has Too Much Oil and Nowhere to Put It |