| U.S. oil prices fell to a new six-year low Thursday as a combination of worries about global economic growth to a strengthening dollar, increasing crude supplies and a major U.S. refinery outage weighed on the market. Light sweet crude for September delivery fell $1.07, or 2.5%, to $42.23 a barrel, slipping below the low for the year set Tuesday and touching its lowest point since March 3, 2009.
It was the latest new blow for oil prices, which have been in a 14-month tailspin as surging U.S. production and an unwillingness on the world’s oil cartel to cut back on production have led to abundant supplies...............................................Full Article: Source
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