Reuters | Oil drops to lowest since OPEC deal, US crude below $50/bbl Reuters The losses followed Wednesday's slide of more than 5 percent, the steepest in a year, after data showed crude stocks in the United States, the world's top oil consumer, swelled by 8.2 million barrels last week to a record 528.4 million barrels. [EIA/S]. Why $50 is more likely to be a ceiling than a floor for the oil price Oil goes into 'meltdown' in biggest rout of the year as bears grab control of the market Oil drops to lowest since OPEC deal as US crude slips below $50 |