The precipitous decline in the oil price has continued, with a further slump in Brent crude seeing it trade below $50 for the first time in more than five years.
Brent fell just below the $50 mark on the morning of 7 January, its lowest level since May 2009, a day after the US WTI measure similarly dropped below $50 a barrel. The fall in Brent means it has lost...
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