Crude oil falls to lowest price for more than three yearsCrude oil fell below $50 a barrel to its lowest level since March 2005 yesterday amid fears of a global downturn on demand. November 21st 2008, 3:46 am 3 min read Facebook An icon of a facebook f logo. LinkedIn An icon of the LinkedIn logo. Twitter An icon of the Twitter logo. Crude oil fell below $50 a barrel to its lowest level since March 2005 yesterday amid fears of a global downturn on demand.