Commodities Oil prices slip towards 18-month lows ahead of New Year Updated : December 28, 2018 11:29 PM IST Brent crude oil fell 56 cents to a low of $51.60 a barrel before recovering some ground to trade around $52.05 by 1300 GMT, having earlier risen more than 3 percent. US light crude was last up 30 cents at $44.91, after rising 3.6 percent in early trade. 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.