CBC.ca | Surplus fears send oil further below $50 Financial Times ICE February Brent, the international oil marker, dropped $2.93 to $47.18 a barrel in afternoon trading, while Nymex February West Texas Intermediate, the US benchmark, fell $2.46 to $45.90 a barrel. Both hovered at levels last seen in April 2009. Batten Down The Hatches, Goldman Sachs Predicts $40 Oil OIL BELOW $45 FOR THE FIRST TIME IN SIX YEARS Oil Slides Again, Taking Shares on Wall Street Down With It |