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Brent crude falls more than 7 percent, dips below $50 a barrel
September 1, 2015 / 3:53 PM / 2 years ago

Brent crude falls more than 7 percent, dips below $50 a barrel

NEW YORK, Sept 1 (Reuters) - Brent crude futures tumbled more than 7 percent on Tuesday, falling back below $50 a barrel as data highlighting China’s contracting manufacturing sector revived concerns about global demand for petroleum.

Brent October crude was down $4 at $50.15 a barrel at 11:55 a.m. EDT (1555 GMT), just after falling as low as $49.72. (Reporting by Robert Gibbons; Editing by David Gregorio)

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