Reuters | Oil falls below $49 on economic jitters, ample supply Reuters LONDON Oil fell below $49 a barrel on Tuesday, pressured by concerns that a potential slowdown in economic growth could sap demand and by persistent signs of abundant supply despite another militant attack on Nigeria's oil industry. Worries about the ... US oil reserves surpass those of Saudi Arabia and Russia Oil prices fall more than 2% as Nigerian output underlines supply worries Carney boosts UK banks, US surpasses Saudi Arabia in oil reserves, the Generation X report card |