Dec 18th, 2018

Oil Closes Below $50 a Barrel for First Time in a Year

Crude settled below $50 a barrel in New York for the first time in more than a year. A jump in inventories, falling equities and the anticipation of another Fed rate hike this week all putting downward pressure on prices. Bloomberg's Stephen Stapczynski reports on "Bloomberg Daybreak: Asia." (Source: Bloomberg)