U.S. oil prices nose-dived and closed below...
U.S. oil prices nose-dived and closed below the $20-a-barrel mark on the New York Mercantile Exchange for the first time since late June amid growing convictions that the oil flow will not be disrupted from the Persian Gulf. On the New York Mercantile Exchange, West Texas Intermediate--the benchmark U.S. crude for immediate delivery--plummeted to $19.83 a barrel, down 74 cents.
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