Iran Oil Dips Below $50

Iran Oil Dips Below $50Iran Oil Dips Below $50

The price of Iranian crude oil has declined below $50 a barrel, amid a global supply glut that has pushed international oil prices to a five-and-a-half-year low, Tasnim news agency reported. Brent oil also fell more than a dollar to $49.92 a barrel in early trading on Wednesday before edging back above the $50 mark.