Financial Post | Oil goes into 'meltdown' in biggest rout of the year as bears grab control of the market Financial Post NEW YORK — Oil bulls trying to push the crude market higher finally waved the white flag on Wednesday, triggering the biggest rout in a year, on concerns that stubbornly high inventory levels would persist despite supply cuts. Prices had been locked ... Oil prices back under pressure with WTI falling below $49 Oil Drops Below $50 for First Time Since December on Supply Glut US Crude Oil Prices Fall Below $50 for the First Time In 2017 |