Crude Futures Slip Below $50

Crude futures fell below the $50 mark Thursday, extending the largest decline in the price of oil in over a year as the industry continues to battle a supply glut. 

U.S. crude inventories rose to 528.4 million barrels, an all-time high, after building up by 8.2 million barrels over the past week. 

Read about the DOW on the eight year anniversary after it hit rock bottom.

If you liked this article you might like

Transocean Takes $1.4 Billion Charge to Retire Six Ultra-Deepwater Floaters

Defense Stocks Take Off as North Korea Tensions Rise

U.S. Steel Stock Crumbles Following Cowen Downgrade

Finish Line Stock Rises on 2Q Earnings Beat