CNBC | US oil dips below $30 CNBC Oil prices fell as much as 7 percent on Monday, dipping below $30 as investors' focus returned to the market's oversupply amid news that Iraq's output reached a record last month. U.S. crude settled down $1.85, or 5.75 percent, at $30.34 a barrel, and ... Oil selloff resumes as record Iraq supply adds to glut Oil hit again after Iraq supply adds to glut Oil Prices Fall on Chinese Data, Saudi Comments |