Benchmark crude oil fell $6.58, or 24.4%, to settle at $20.37 a barrel Wednesday. Brent crude oil, the international standard, fell $3.85, or 13.4% to close at $24.88 a barrel.

Wholesale gasoline fell 7 cents to 64 cents a gallon. Heating oil fell 8 cents to $95 cents a gallon. Natural gas fell 13 cents to $1.60 per 1,000 cubic feet.

Gold fell $47.90 to $1,4,77.90 an ounce, silver fell 72 cents to $11.77 per ounce and copper fell 16 cents $2.15 per pound.

The dollar rose to 107.98 Japanese yen from 107.85 yen on Tuesday. The euro fell to $1.0873 from $1.1000.