Oil falls below $70 for first time since April as US crude enters "bear market"

Oil falls below $70 for first time since April as US crude enters "bear market"
Oil falls below $70 for first time since April as US crude enters The United States, Russia and Saudi Arabia are pumping at or near record highs, producing more than 33 million barrels per day (bpd), a third of the world#39;s oil.