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Oil in bear market as supply rises, demand outlook weakens - Reuters
Reuters | Oil in bear market as supply rises, demand outlook weakens Reuters SINGAPORE (Reuters) - Oil stabilized on Friday after spending most of the week sliding, but markets remained weak as rising supply and concerns of an economic slowdown pressured prices, with U.S. crude down by around 20 percent since early October. US oil enters bear market Oil Teeters Near Record Losing Streak After Entering Bear Market US crude closes in bear market territory, settling at $60.67, down 21% from 52-week high |
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