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Oil Closes Higher After Dipping Into Bear-Market Territory - The Wall Street Journal
Oil Closes Higher After Dipping Into Bear-Market Territory  The Wall Street Journal

—Oil prices dipped into bear-market territory before recovering Tuesday amid jitters over the stability of the global economy. —Light, sweet crude for July delivery settled up 0.4% at $53.48 a barrel on the New York Mercantile Exchange, bouncing off a three-month low. Oil prices traded in a bear market earlier in the session, defined as a 20% pullback from recent highs. —Brent, the global benchmark, rose 1.1% to $61.97 a barrel. HIGHLIGHTS: Economic Concerns: Oil prices, along with other risky assets like stocks and commodities, have been hit recently by rising concerns that the global econ...

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