Oil Falls 5.4 Percent in Biggest Drop Since 2004

NEW YORK—Crude oil prices fell more than 5.4 percent on Friday in the biggest one-day slide since 2004 as dealers turned their focus to rising supply levels and weakening global demand. A rebound in the U.S. dollar encouraged the sell-off, applying downward pressure across the commodities markets by weakening the purchasing power of buyers using other currencies, dealers said. The slide adds to a more than 20... [read full story]