Oil falls below $50 on worries flu will curtail travel - MarketWatch

NEW YORK (MarketWatch) -- Crude-oil futures fell for a second straight session Tuesday to trade below $50 a barrel on worries that a spreading swine-flu outbreak will curtail travel and delay recovery in the global economy, in turn reducing oil demand.

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Crude for June delivery dropped $1.12, or 2.3%, to $49.02 a barrel on the New York Mercantile Exchange. "The disease brings SARS and the resulting collapse in Asian oil demand to mind," said Hussein Allidina, a commodities analyst at Morgan Stanley, in a note.

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