http://www.wsj.com/articles/brent-crude-falls-below-50-in-asian-trading-1421039495
Brent Crude Falls Below $50 On Nagging Oversupply Fears
Brokerages Cut Price Forecasts Further
By Georgi Kantchev
Updated Jan. 12, 2015 4:45 a.m. ET
LONDON—Oil prices started the week deep in the red, falling to fresh 5½ year lows as analysts took an even more bearish outlook on crude.
Over the weekend, Goldman Sachs and Société Générale joined the list of analysts who have slashed their oil-price forecasts projecting that crude’s dramatic slide since last summer could continue well into 2015.
Crude futures have fallen more than 50% since a peak in June on the back of strong global supply and lackluster demand.
Brent crude for February delivery on London’s ICE Futures exchange fell 2.5% to $48.86 a barrel, trading near its lowest levels since April 2009. On the New York Mercantile Exchange, front-month WTI futures shed 2.3% to trade at $47.25, after losing 8.2% last week.
--and that's why the stock market is crashing soaring.