Oil prices plunged nearly 6% Thursday in this year's worst drop and the worst fall since the start of OPEC production cuts in December. The escalating U.S.-China trade war and huge crude pileups from weak refiner demand combined to roil the market.
West Texas Intermediate futures, the benchmark for U.S. crude, fell below key $60 per barrel support, settling down $3.51 , or 5.7%, at $57.91 per barrel.
London Brent futures, the global benchmark for oil, lost its $70-per-barrel perch, falling $3.54, or 5%, to $67.45 by 2:48 PM ET (18:48 GMT).
Source : Investing.com