World oil prices back at $50

Crude truth behind oil's global boom

World oil prices have just passed a key milestone on their long journey out of the doldrums, hitting $50 for the first time in six months.

Brent crude, one of three key benchmarks for global oil trade, stood at just more than $50 early on Thursday, while WTI crude futures were just short of the important psychological level, up 0.5% at $49.85.

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