Oil Update: Brent crude falls below $50 for the first time since 2009

London, England
January 7, 2015 7:35am CST
Benchmark Brent crude futures dipped more than a dollar to $49.92 per barrel just before 3. a.m. Eastern Time, hitting levels last witnessed in May 2009, though prices surged back above $50 later.
Prices of Brent crude oil dipped below $50 per barrel for the first time since May 2009 on Wednesday as business growth slowed worldwide to its weakest in a year... read more
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