MarketWatch | Oil prices under pressure; Brent dips below $50 for first time in a wee MarketWatch “As crude oil prices are rising, many of the teapots are trying to capture the still-low prices by maxing their import quotas now. This is why the port is so congested and why China crude imports might slow down later in the year,” he said. For this ... Rig contractor sees demand picking up as oil reaches $50 a barrel Oil Prices Fall Below $50 as Drilling Data Show Uptick US oil drillers add rigs for second week in a row: Baker Hughes |