CNBC | US crude drops 1.2%, settling at $63.39, as market volatility persists after equity sell-off CNBC Losses in the oil market were limited, in part because the sell-off appeared to be fueled by concerns that stocks are overvalued, rather than fears that the economy is slowing down, said John Kilduff, founding partner at energy hedge fund Again Capital ... Oil's 6.66% sell-off no omen of impending crash Oil eases, but wards off stocks-style turbulence - Reuters Crude oil prices fall as global financial markets tumble |