Wall Street Journal | Oil Prices Poised for Six-Month Lows Wall Street Journal Both Brent, the global benchmark, and the U.S. oil benchmark recently entered bear markets—defined as a 20% drop from a recent high—on investor worries that the markets would remain oversupplied through the end of the year. Production is still robust ... Oil market is in the dreaded 'double dip' so brace for more losses to come Oil prices fall to lowest at $52.28/bbl in nearly six months China growth fears crush oil and commodities |