Oil prices are still falling. Asian stocks are mixed - CNN
Oil prices are continuing to fall Wednesday, building on the market's epic crash this week as demand for crude vanishes. Stocks in Asia are mixed.
US oil futures plunged as much as 11% to $10.26 a barrel, reversing a rise during early Asian trading hours. They were last down 3.3% to $11.16. The price of a barrel of West Texas Intermediate crude to be delivered in June settled Tuesday at $11.57, though fell as low as $6.50.
Brent crude, the global benchmark, fell more than 16% to $16.60 a barrel on Wednesday, its lowest level in more than 20 years another signal of how little confidence traders have that the supply glut will ease any time soon.
