Bloomberg | Oil hits five-and-a-half-year lows on supply glut Reuters The two oil benchmarks - Brent and West Texas Intermediate - have now lost more than half of their value since mid-2014. Brent crude for February dropped as low as $55.25 a barrel, its weakest since May 2009, before edging back to $55.67, down 75 cents ... MarketsBrent crude oil touches new 5 1/2 year low Oil Below $60 Tests U.S. Drive for Energy Independence Oil Extends Selloff on Supply Glut, Cuts in Price Forecasts |