The Traderszone Network

Published in TZ Latest News 5 January, 2015 by The TZ Newswire Staff

Commodities Markets: Crude Oil Prices Dive Below $50

Benchmark U.S. oil prices dropped below $50 a barrel for the first time since April 2009 as surging supply signaled that the global glut that drove crude into a bear market will persist. West Texas intermediate slid 5% in New York, while Brent fell below $55 in London for the first time since May 2009.

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