Oil Plunges To $28 Cycle Lows As Iran Supply Looms, Stocks Slide
February WTI Crude futures have plunged to new cycle lows at $28.60 as Iran supply looms over an already over-glutted global crude market. Brent is down even more. Dow futures are down 50 points at the open.
- *WTI OIL FALLS AS MUCH AS 2.7%, BRENT CRUDE DROPS 3.7%
Weighing on US equities...