Oil Falls to Lowest Price Since 2009

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oil-gulf-rigU.S. crude oil fell below $50 per barrel for the first time since April 2009. The two major crude oil benchmarks (West Texas and Brent Crude) have lost over half their value since mid-2014, escalating fears that a surplus of global oil supplies will be taking a tough toll on the market. As a result, nationwide gasoline prices are hovering at or below $2 per gallon. Read more.

{Andy Heller-Matzav.com Newscenter}

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