Reuters | Oil wipes out OPEC-inspired gains with break below $50/bbl Reuters Brent crude oil futures LCOc1 broke below $50 a barrel for the first time since late March, hitting an intraday low of $49.69, the lowest level since Nov. 30. The July contract was down 82 cents on the day at $49.97 by 1252 GMT (8.52 a.m. ET), while U ... Oil prices hit 2017 lows Oil prices pull back as latest US supply data triggers fresh concerns This Chart On US Oil Production Shows Why OPEC Is Trapped |