Telegraph.co.uk | Oil heads for steepest first-half fall since 1997; Pound skids below $1.26 to lowest since April Telegraph.co.uk “You don't tug on Superman's cape and you don't spit in the wind. So is OPEC's production cut a similarly futile gesture? With crude entering a bear market it's hard to see it as anything but. "As hedge funds turn increasingly bearish and dump long ... FTSE 100 pulled lower with oil prices, Queen's Speech in focus Oil plummets to 7-month low, taking global markets with it |