NEW YORK—Oil futures shed more than 5%, plunging to their lowest level since February in a broad market selloff spurred by intensifying fears that the world's major economies are stalling.
Light, sweet crude futures for September delivery settled down $5.30, or 5.8%, to $86.63 on the New York Mercantile Exchange. That is the contract's lowest settle since Feb. 18, when Libya's civil conflict worsened and the country's oil exports began coming off the market.
Brent crude on the ICE Futures Europe exchange settled down $5.98, or 5.3%, to $107.25 a barrel. Brent, ...
Light, sweet crude futures for September delivery settled down $5.30, or 5.8%, to $86.63 on the New York Mercantile Exchange. That is the contract's lowest settle since Feb. 18, when Libya's civil conflict worsened and the country's oil exports began coming off the market.
Brent crude on the ICE Futures Europe exchange settled down $5.98, or 5.3%, to $107.25 a barrel. Brent, ...
