The Globe and Mail | Oil soars, Brent hits $50 per barrel as US Gulf imports hit record low The Globe and Mail Oil prices surged over 4 per cent on Thursday, with Brent briefly touching $50 a barrel for the first time in two weeks, after a surprisingly huge drawdown in U.S. crude stocks as Gulf Coast imports slumped to a record low. Brent rose $2.01, or 4.2 per ... Weekly Oil Inventory Report: Tropical Storm Hermine Disrupts Imports |