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US+oil+price+falls+below+%2450+on+supply+glut+fears
Tuesday, 06 January 2015 - 9:14
US oil price falls below $50 on supply glut fears
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The US oil price fell below the symbolic threshold of 50 dollars a barrel for the first time since April 2009.

The price of Brent crude also fell, dipping 6% to 53 dollars a barrel.

The price of both Brent crude and US oil, known as West Texas Intermediate crude, have now lost more than half of their value since mid-2014.
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