Reuters | Oil slumps 7 percent to one-year low as rout extends to 12 days Reuters Traders said that recent weakness in equities has fanned concerns about global growth, which is also contributing to declines in oil. U.S. crude futures CLc1 settled down $4.24 a barrel, or 7.1 percent, to $55.69 a barrel. It was the largest one-day ... Oil down 4 percent as rout runs to 12 days on supercharged selling 'It's like a run on the bank': Oil plunges 7% to one-year low as rout extends to 12 days Oil Plunges 7% as Market Freefall Continues for 12th Day By ... |