Oil is plunging again, dragged down after mixed data from the Asian markets, and overproduction in the OPEC countries.
At 8.45 a.m. GMT Brent was trading at $US49.98, down 2.57% from its previous value.
Earlier today, it had fallen to $US48.68, the lowest price since April 2009.
Last week Brent fell back below $US50 for the first time in nearly six years, before fighting back upwards a little.
Here’s a chart:
WTI Crude was also falling: at 8.49 a.m. GMT (3.49 a.m. EST), Crude Oil was trading at $US47.33, down 2.13%.
Here is a chart at that time: