WASHINGTON - Crude oil futures tumbled below $56 a barrel Friday following a $2.50 selloff the day before as traders focused on a combination of mild autumn weather, ample winter fuel supplies and the collapse of a trading range that had been in place since the start of October.
"This is going to put pressure on OPEC to perhaps make bigger cuts," said BNP Paribas Commodity Futures broker Tom Bentz.
The Organization of Petroleum Exporting Countries, which is scheduled to meet in Nigeria next month, announced an output cut of 1.2 million barrels a day last month, but traders have been skeptical that the Vienna-based cartel will stick to its pledge at a time of historically …
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