Wall Street Journal | US Oil Prices Fall Toward $40 a Barrel Wall Street Journal Oil prices have plunged in the past year as ample supplies around the globe overwhelmed demand for crude. While U.S. output has declined in recent months following sharp spending cuts by producers, domestic crude stockpiles have continued to grow as ... US oil closes down $1.07, or 2.56%, at $40.67 a barrel Oil ends down 2 percent, market refocused on global supply glut Oil drops on bets US crude supply rose for an eighth straight week |