CNBC | Soaring U.S. Oil Production Forces Prices Down | OilPrice.com OilPrice.com Surging U.S. and OPEC supply has sparked concerns in oil markets that a new global oversupply situation might emerge. Crude Oil Sell Off Puts Former Best Asset Within Whisper of Bear Market Oil prices sink 10.8% in October, settling at $65.31, in worst monthly loss since July 2016 Oil prices drop as wave of supply meets global economic gloom |