CNBC | Cut and dried? Oil prices are entering a bearish trend despite supply deal CNBC Oil prices have entered a bearish trend despite short-term bounces, supply cuts and improved demand estimates. The lateral range of $50-$55 a barrel was recently broken, with the new long-term support level for Brent edging closer to $45-$47 rather ... The Oil Market Is At A Major Turning Point You Won't Believe What Saudi Arabia's Oil Production Cost Is US shale blunting OPEC hegemony on oil prices is good news for India |