Commodities Oil hits multi-month lows as downbeat mood persists Updated : December 21, 2018 10:04 PM IST Brent crude fell $1.56 to a low of $52.79 a barrel, its weakest since September 2017, before rallying to trade around $53.35, down 11.5 percent on the week, by 1435 GMT. US light crude oil was down 30 cents at $45.28, on course for a decline of 11.0 percent for the week. 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.