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Brent seen falling to US$50 as Opec sticks to output decision

Brent, the global benchmark, has collapsed 47 per cent since the US$115.71 a barrel high for the year on June 19.


CRUDE oil prices are poised to fall below half where they were six months ago, before producers begin dealing with a global glut. Brent, the global benchmark, will slide to as low as US$50 a barrel in 2015, according to the median in a Bloomberg survey of 17 analysts, down from the