Google+ Followers

Tuesday, 20 June 2017

Crude Slides Into Bear Market as Oversupply Distress Deepens - Bloomberg

Crude Slides Into Bear Market as Oversupply Distress Deepens - Bloomberg:

"Oil entered the first bear market since August as concerns worsen that OPEC is failing to ease a global supply glut.

West Texas Intermediate crude, the U.S. benchmark, fell more than 20 percent from its highest close this year, meeting the common definition of a bear market. Futures settled at $43.23 a barrel in New York, down from $54.45 on Feb. 23."



'via Blog this'