The
price of oil has hit another five-year low as fears of oversupply continue to
mount.
Brent
crude was down $1.77 at $67.30 a barrel in Monday afternoon trading, having
earlier hit $66.77 - its lowest since October 2009.
US
crude was down $1.44 at $64.40, after falling as low as $64.14.
Morgan
Stanley predicted that Brent would average $70 a barrel in 2015, down $28 from
a previous forecast, and be $88 a barrel in 2016.
The
investment bank also said that oil prices could fall as low
