COLUMBUS, Ohio – Oil prices tumbled below $50 a barrel Monday as National Bureau of Economic Research reported that the U.S. economy has been in a recession since December 2007 and the Dow Jones industrial average fell nearly 700 points.
A tandem of bleak economic reports led to an early decline even before the NBER report [...]

By Maher Chmaytelli and Ayesha Daya
Nov. 30 (Bloomberg) — OPEC deferred a decision on reducing production this year by two weeks to gauge the impact of earlier cuts, as it seeks to push oil prices back up to $75 a barrel.
Crude has dropped 62 percent from July’s record of $147.27 a barrel as the global [...]

By Reg Curren
Nov. 28 (Bloomberg) — Crude oil fell in New York trading amid speculation a potential production cut by OPEC to support prices may be trumped by concerns over declining demand amid a worsening U.S. recession.
OPEC members may consider a reduction at their meeting this weekend in Cairo to stabilize the market, Shokri [...]

By PABLO GORONDI, Associated Press Writer
Oil prices rose above $52 a barrel Wednesday as a large interest rate cut in China was seen boosting its oil demand. News that Russia could join OPEC in cutting output also propped up prices, although more bad news about the U.S. economy kept the rise in check.
By mid-afternoon in [...]

By PABLO GORONDI, Associated Press Write
Oil prices were down but recovering from earlier lows Tuesday, after surging overnight, as investors weighed the U.S. government’s new efforts to deal with the financial crisis against fresh evidence of the economic downturn.
The U.S. Federal Reserve said Tuesday it would buy up to $600 billion in mortgage-backed assets, [...]

SINGAPORE – Oil prices fell below $54 a barrel Tuesday in Asia after surging overnight as investors mulled whether a U.S. government bailout of Citigroup Inc. restores enough confidence to staunch crude’s 64 percent slide since July.
Light, sweet crude for January delivery was down 61 cents to $53.89 a barrel in electronic trading on the [...]

SINGAPORE (Reuters) – Oil slipped back to below $54 a barrel on Tuesday, chipping away at a near 10 percent rally after a rebound in equity markets and expectations of another OPEC cut helped the market to its biggest two-day gain in two months.
Oil prices leapt by 9.1 percent on Monday after Washington agreed to [...]

By ALEX KENNED
SINGAPORE (AP) — Oil prices rose above $50 a barrel Monday in Asia as investors gained some confidence from reports that U.S. President-elect Barack Obama has chosen an economic team to tackle what could be the worst slowdown in decades.
Light, sweet crude for January delivery was up 37 cents to $50.30 a barrel [...]

Oil Closes Below $50, Lowest Price Since May 2005
After rising to dizzying heights this summer, the oil market is suffering a hair-raising drop with no apparent end in sight.
Oil prices fell to their lowest level in more than three years, falling below $50 a barrel on Thursday, after shedding close to $100 in four months [...]

LONDON (AFP) – Oil prices dropped on Wednesday, with Brent crude falling close to 50 dollars a barrel, as demand for energy weakens worldwide and as the market awaits data on the health of US crude stockpiles.
Brent North Sea crude for delivery in January was down 27 cents at 51.57 dollars a barrel in late [...]