CNBC | US crude closes in bear market territory, settling at $60.67, down 21% from 52-week high CNBC U.S. crude falls more than 20 percent from its four-year high last month, putting the contract in bear market territory. U.S. oil output is predicted to break through 12 million barrels per day by mid-2019. China's October crude imports hit a record 9 ... Oil falls as rising production feeds concerns of an oversupply China's Oil Imports Surge To Record High US Oil Falls for 8th Day in a Row as Supplies Surge |