Reuters | Oil prices near $50 a barrel after US inventory data Reuters Stocks have steadily declined for the last four weeks, but at 527.8 million barrels they are just 7 million barrels off a record high. Brent crude oil futures LCOc1 were down 63 cents at $50.16 by 1107 GMT, after bouncing off an intraday low of $50.01 ... Oil eases, near weakest since late March on small U.S. stocks decline |