Still thinking of investing in oil?

NEW YORK ( — Oil ended just shy of $50 a barrel Thursday as investors weighed a glut in supply amid dour sentiment about the economy. Crude oil for June delivery added 77 cents to finish the day at $49.62 a barrel.

Signs that indicate the recovery could be slow and drawn out weigh on oil prices because an economy in recession demands less oil. Crude oil prices have fallen from $147 a barrel last summer as the recession ticked away at demand.

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