Oil

Oil Dives 5 percent; OPEC Looks Unlikely to Deepen Output Cuts

Oil prices tumbled about 5 percent on Thursday, breaking below $50 a barrel to the lowest since late November on signs that OPEC and other producing countries would not take more drastic steps to reduce the world's stubbornly persistent glut of crude.

Oil Mixed in Choppy Trading After U.S. Crude Stocks Data

Oil prices were little changed on Wednesday in a volatile session as the market mulled U.S. government data showing that while there were signs a crude glut may be receding, crude inventories remain large with gasoline demand weak.