| A barrel of Brent crude cost less than $50 for the first time in nearly six years on Wednesday morning, continuing the rout of oil prices. Brent slumped as low as $49.92 in early trading, the first time it has been below the psychological $50 level since April 2009. It later crept back above $50.
Equity markets appeared unmoved at the latest fall in the oil price, having previously responded by selling shares and buying so-called 'safe haven' assets such as gold. The FTSE 100 was up 0.6pc before 9am. London’s benchmark stock index has already been particularly hard hit by the commodity’s plunge as oil and mining stocks account for about 20pc of the FTSE 100...............................................Full Article: Source
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