Crude Oil Prices Top $50 a Barrel

Crude oil prices topped $50 a barrel on two key indexes Thursday for the first time since November.

Brent Crude, the global benchmark, was trading at $50.38 a barrel Thursday morning. The West Texas Intermediate futures, another key benchmark, was trading at $50.10 a barrel.

Crossing the $50 mark breaks down a psychological barrier for traders who have worried about oil prices in recent months as the price of crude has dipped at times below $30 a barrel.