CNBC | Stocks trade lower as China tanks 6%; oil below $30 CNBC Oversupply fears were to blame after Iraq's oil ministry told Reuters on Monday that the country had record output in December, with certain fields producing as much as 4.13 million barrels a day. A senior Iraqi oil official said separately that the ... Stock markets dip as oil falls below $30 World Stock Markets Eye Weaker Oil Prices FTSE 100 opens sharply lower as oil slips below $30 mark - live |