Oil Falls below $50 per Barrel

The price of Brent crude oil on the London Stock Exchange reached a five-year low, dropping below $ 50 a barrel.

According to Reuters, on Wednesday morning, Brent crude was worth $ 49.98 - the lowest price since 2009.

Crude oil futures in New York fell to $ 47.2 per barrel - also the lowest level since April 2009.

The price of Azerbaijani oil Azeri Light also falls - on the latest auction it was sold at $ 53. -02D-

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