The benchmark contract for crude oil fell below $44 per barrel on Thursday, Jan. 29.
Oil falls below $44/barrel
March contracts for light, sweet crude declined to as little as $43.58 a barrel at around 11 a.m. on the New York Mercantile Exchange, according to The Wall Street Journal. As a result, the future tumbled to its lowest value since March 12, 2009 before recovering to reach $44.53 per barrel. Read more