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As oil falls below $50, analysts eye 'mid-price' era - Reuters
Reuters | As oil falls below $50, analysts eye 'mid-price' era Reuters Prices below $50 for the two crude oil benchmarks, North Sea Brent LCOc1 and U.S. West Texas Intermediate (WTI) CLc1, were the norm prior to 2005. Brent averaged just $18.37 a barrel in the 1990s, WTI $19.70 a barrel, and both only broke above $50 for ... Crude oil is collapsing Oil Prices Claw Up From Four-Month Lows Oil Trades Below $50 as Glut Seen Persisting Amid Slowing Demand |
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