CNBC | Oil prices are tumbling 3% right now, entering bear market CNBC Oil prices sank to seven-month lows Tuesday, falling 3 percent on signs of rising production in key parts of the world. West Texas Intermediate crude oil futures were down $1.21, or 3 percent, at $42.85 on Tuesday morning. The U.S. benchmark fell to ... Fund managers cut speculative bets on crude oil Oil Drops to Seven-Month Low as Libya Adds to Persistent Surplus Woes spill over in oil market; who to blame for price crash? |