Reuters | Oil prices sink 1 percent amid global market plunge, US output spree Reuters However, the correction in oil is more than a reaction to a sell-off in financial markets. Despite efforts led by the Organization of the Petroleum Exporting Countries (OPEC) and Russia to withhold production since January last year in order to tighten ... Oil slides as stock markets crumble Oil hits the skids as dollar firms Oil Prices Ravaged By Financial Turmoil |