BBC News | Oil hits $50 a barrel for first time this year BBC News The price of oil has gone above $50 a barrel for the first time in 2016 as supply disruptions and increased global demand continue to fuel a recovery. The benchmark Brent crude price hit $50.07 a barrel in Asian trade. The rise followed US data on ... Oil breaks through $50 a barrel for first time in 2016 Brent crude on the cusp of $50 as bulls return to oil market Brent oil pushes above $50 for first time in nearly seven months |