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Welcome. Up through the ground came a bubbling crude. It made jed clampett rich but today the unrelenting supply of crude oil from saudi arabia and the oil states, russia and the United States is causing nothing but pain in the petroleum world. Today, domestic crude prices cracked 30 a barrel, heading down. That hasnt happened since 2003. Supply and demand are way out of what can. After breaking that level, oil managed to settle just above that psychologically important level of 30 bucks. And the pressure though is mounting. Prices are down 17 since the start of this year. Thats just 11 days ago. Seven trading sessions. Its even uglier for some of the worlds biggest commodity companies. Freeport mcmoran cratering 40 this year. Bill laton down 20 , rio tinto off 18 . Jacquie deangel lis reports on the dramatic day in the oil pits. Reporter volatility continues for the crude oil trade intraday low today 29. 93. Before we managed to settle back over the 30 mark. Adding to the skittish had
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