NEW YORK–U.S. oil futures tumbled Friday, falling below $95 a barrel for the first time in more than four months, hurt by a rising dollar against the euro and concerns over a glut of domestic supplies and weak demand. Meanwhile, increasing oil production in Libya sent Brent crude futures down to their lowest settlement value since July 4. The steep declines for crude prices began early in the day amid speculation that the European Central Bank will cut interest rates as soon as its meeting next week amid a report of slowing inflation and a high jobless rate in the euro zone. With the news, the euro fell 0.6% against the dollar to $1.34945, its second straight day of sharp declines. “Crude is priced in dollars, so it should get weak when the dollar is up and that started the selloff here today,” said Tariq Zahir, managing member of […]