Commodities Oil dives on fears of glut, global economic slowdown Updated : December 19, 2018 07:07 AM IST Global benchmark Brent lost $1.93, or 3 percent to trade at $57.68 a barrel after earlier dropping to $57.20, a 14-month low. World stock markets inched higher on Tuesday as investors looked ahead to whether the US Federal Reserve will be able to raise interest rates much further. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.