Bloomberg | Oil Prices Hit Fresh 5-And-A-Half-Year Lows Business Insider U.S. crude and Brent futures dropped to fresh 5-1/2-year lows on Monday as worries about a surplus of global supplies amid weak demand continued to drag on oil markets. At 9am GMT (4am ET) Brent was trading at $55.58 a barrel, after going as down as ... Oil hits five-and-a-half-year lows on supply glut Oil Below $60 Tests U.S. Drive for Energy Independence MarketsBrent crude oil touches new 5 1/2 year low |