CNNMoney | Oil prices fall below $60 a barrel for the first time this year CNNMoney It's not just the stock market that's slipping. Oil prices dropped 10% this week, falling below $60 a barrel for the first time this year. Record U.S. oil production is raising crude inventories -- oil that's pumped out of the ground but hasn't been ... The Oil Bubble Has Burst. What Now? Oil Falls Below $60 Oil sees biggest one-week drop in 2 years |