Oil rose 1.3 percent to above $50 a barrel on Monday, giving up early gains, as worries over the global economy returned to the fore centering on Citigroup's ability to survive, but hopes OPEC might cut output again as early as this week helped buoy prices.
US crude fell $3.71, to $49.91 a barrel by 1402 GMT, the weakest level since January 2007.
http://www.ibnlive.com/news/crude-dips-below-50-for-the-first-time-since-jan-2007/78603-7.html
This is the lowest level of oil in almost 2 years.
http://www.ibnlive.com/news/oil-prices-fall-below-56-mark-after-g20-meet/78362-7.html
With dollar getting stronger, non-US airlines are paying more to buy oil.
http://www.ibnlive.com/news/drop-in-fuel-prices-offset-by-economic-crisis/76571-7.html
Iran oil minister says this will help in preventing crude prices from falling.
http://www.ibnlive.com/news/iran-calls-for-emergency-opec-meeting/76242-7.html
Oil rose more than $3 on Friday, rebounding from a 15-month low.
http://www.ibnlive.com/news/oil-price-rise-on-wall-street-rally/76067-7.html
The Indian consumer awaits a slide in oil prices as the crude slips.
http://www.ibnlive.com/news/lower-crude-does-not-warrant-lower-prices-government/75249-7.html
Concerns on US economy and sliding fuel demand lead to the slip.
http://www.ibnlive.com/news/oil-slips-beneath-103-over-concerns-on-us-economy/74339-7.html
Crude prices recovered thanks to mixed signals from oil cartel OPEC.
http://www.ibnlive.com/news/crude-slips-to-a-5month-low-of-10187-per-barrel/73303-7.html
Blame it on anaerobic bacteria in oil reservoirs deep below the earth's surface.
http://www.ibnlive.com/news/what-makes-crude-oil-good-or-bad/73255-11.html
Production quotas will be returned to the levels of September 2007
http://www.ibnlive.com/news/oil-prices-hit-fivemonth-low-opec-cuts-production/73254-7.html
Crude oil prices dropped to a new five-month low on Tuesday.
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