Crude oil markets were treading water early in the Wednesday session after the World Bank said global economic growth was lower than expected. The prices for Brent and West Texas Intermediate were holding steady early in the Wednesday session to trade at $46.64 per barrel and $46.02 per barrel, respectively. Markets have been in a free fall for much of the week, with Brent holding below the $50 mark for three consecutive days, the lowest price in roughly five years. Oil prices are at the point where international energy companies and those in the secondary sector are trimming jobs and spending in an effort to cope with weak market conditions. The World Bank in a report Tuesday said overall economic growth last year was lower than expected . Behind the numbers, […]