The last time energy was this cheap, Eisenhower was president.
"Calling it a market disaster is not an overstatement," one analyst said.
Arab oil ministers meeting in Vienna on June 5 must confront the devastating consequences of the war in their midst.
"The inventory levels are actually getting scary," a commodity strategist says.
"We are ready to bear witness to whom we are and what we do according to the words of Christ."
"Geopolitical risk is not something to write off," analyst says as price nears $62 a barrel.
Oil prices remain roughly 50% below their peak from the middle of last year.
Plummeting oil prices haven't stopped a gloomy economic forecast.
Declining prices usually herald trouble, but a unique set of circumstances mean that Spain's economy is surging.
Despite falling to their lowest levels in almost six years, OPEC producers refuse to curb production.
Brent crude fell by 3 percent to below $52 a barrel, while U.S. crude went below $50 a barrel amid worries about oversupply
U.S crude crashed below $50 a barrel while benchmark Brent crude tumbled under $53.
Russia's central bank raised interest rates by 6.5% overnight, but the rouble continued to plunge against the dollar
Stock markets across the Middle East fell sharply on Sunday adding to a plunge in Gulf equity markets