Bloomberg | Brent Oil Falls Below $45 as Pessimism Over Glut Takes Hold Bloomberg Brent crude, the global benchmark, plunged below $45 a barrel for the first time since November as skepticism that a supply glut will ease worsens. A decline in U.S. stockpiles wasn't enough to dispel the pessimism that struck the market this month as ... Oil holds gains after report shows US crude, gasoline stock decline This is the real reason we're 'drowning in oil,' says Ed Yardeni Oil hasn't had this bad a first half of the year in two decades |