BRENT BELOW $60 AS OIL TUMBLES AGAIN

After a brief rally yesterday morning, oil prices are tumbling again. Brent Crude is down nearly 2%, pushing the price below $60 per barrel for the first time since mid-2009.

WTI, the other major oil price benchmark, dropped to just $55.28 this morning, down by another 1.75%. That's down by almost half from where it peaked for 2014 this summer, at $107.26

Here's Brent:

The slide since the summer has almost halved crude oil prices: keep an eye on WTI: If it drops to $53.63, it will have fallen by 50% in half a year.