Oil below $100 on economy fears

Oil price hovers at $50 a barrel
Oil prices are hovering around $50 a barrel amid growing fears over a global recession and lower demand for oil.

Oil prices fall on economy fears
Oil prices fall on more bad economic news and after Opec hinted it would not cut oil production soon.

Oil up on China investment plan
Oil prices climb more than $2 a barrel following China's multi-billion dollar stimulus package aimed at boosting its economy.

Oil prices reach seven-month low
Oil prices fall sharply on fears that the renewed woes in the US banking sector will hit the wider global economy.

Alaska Airlines to cut 1,000 jobs
Alaska Airlines announces 1,000 job losses and a 15% cut in flight departures, blaming oil prices and a weak economy.