Brent below $60: Prepare for 'dramatic' spending cuts By: CNBC.com News December 16, 2014 at 05:59 AM EST As Brent crude fell below $60 per barrel on Tuesday, analysts warned of a "dramatic" cut in oil industry investment which could hit future supply. Read More >> Related Stocks: Barclays Plc ADR iPath Dow Jones-Goldman Sachs Crude Oil Fund