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Crude-oil prices are in a nasty death spiral

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By Myra P. SaefongDec 11, 2015 10:42 a.m. ET

Crude-oil futures have been facing severe headwinds since last year, when prices for the U.S. and global benchmarks shed more than half their value from the highs seen in June 2014. Now, crude oil faces another stunning unraveling.

The commodity has already lost a third of its value in 2015…

On Friday, West Texas Intermediate crude CLF6, -3.81% took another step lower, dipping below $36 a barrel after the International Energy Agency said the oil-supply glut would continue to keep prices low.

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