West Texas Intermediate crude oil fell below $55 for the first time since February 2021 on signs that supply is outpacing demand, while progress in Ukraine peace talks could eventually lead to a deal that may allow more Russian supply in the market. US crude futures slid as much as 3.2%. Brent, the global benchmark, dropped as much as 3%, after earlier slipping below $60 for the first time since May. Most Read from Bloomberg Signs of weakness are proliferating across the supply side of the oil market, ...