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'
No comments:
Post a Comment