Crude falls toward $50 on economy, stock slumps

NEW YORK (MarketWatch) — Crude-oil future fell Thursday for a fifth straight session, approaching $50 a barrel as global stocks slumped and worries deepened that a weak global economy will cut into energy demand. Crude for December delivery, which expires Thursday, dropped $1.81, or 3.4%, to $51.81 a barrel in early electronic trading. Crude has dropped 11% since last Thursday. Front-month crude contracts haven’t dropped below $50 since May, 2005.
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Original post by Forextvblog

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