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Brent crude oil price falls below $50 for first time since 2009

The price of Brent crude oil prices has fallen below $50 (£33) a barrel for the first time since May 2009.

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Energy UK: Price cuts are being passed on to consumers

Energy UK insisted energy bills were coming down. Credit: Katie Collins/PA Wire

The body that represents the UK energy industry insists that falls in global oil prices are being passed on to customers.

Energy UK chief executive Lawrence Slade said:

When people shop around they can easily find deals that are over a hundred pounds cheaper than this time last year and in line with cuts in wholesale energy prices

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