CNBC | US Oil Prices Drop Toward $31 a Barrel Wall Street Journal NEW YORK—Oil prices dropped below $32 a barrel Monday for the first time in 12 years as a persistent global glut of crude continues to weigh on the market. Oil prices have plunged since mid-2014 and are down more than 10% already this year. The energy ... US crude dips below $31, hits fresh 12-year low The Future Of Crude Oil Futures Volatility BofA Merrill Lynch cuts 2016 average oil forecast to $45 a barrel |