2 ]% C7 ~+ _) @) S1 H# sU.S. crude below $60, first time in 5 years, on oversupply fears u s+ |5 ^6 q. Z t( a7 `6 J(Reuters) - U.S. crude futures fell below $60 a barrel on Thursday, the first time in five years that it breached the psychologically-important support, as oil markets extended this week's losses on oversupply concerns. 7 i p; l* f; W p/ W. A7 ^. Z- |) { H3 f( N& }! b
New York Mercantile Exchange's front-month West Texas Intermediate contract for U.S. crude was down 96 cents at $59.98 a barrel by 2:18 p.m. EST after touching a session low at $59.85. The contract has lost almost 9 percent this week and roughly 45 percent from a June high above $107./ }$ K4 O0 _% k, {7 U