Crude Oil Falls Below $40 on OPEC Skepticism, U.S. Supply Gain

(Bloomberg) — Oil fell below $40 a barrel for the first time in more than four years as OPEC failed to convince traders that the glut in crude will diminish and the U.S. government said supplies climbed for the 11th time in 12 weeks.

The Organization of Petroleum Exporting Countries agreed that the group