Brent Oil Slides Below $60 a Barrel for First Time Since May
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Brent oil dropped below $60 a barrel for the first time since May, breaching a key level as supply outpaces demand and is on course to continue do so at a record clip next year.Brent fell as much as 1% to trade at $59.96 deepening a loss for the year, while West Texas Intermediate hovered around $56 a barrel.