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Oil on Track for Bear Market Due to Global-Growth Fears - The Wall Street Journal
Oil on Track for Bear Market Due to Global-Growth Fears  The Wall Street Journal

Oil prices were on track to sink into a bear market on Wednesday, falling more than 20% below their April peaks in another darkening sign for financial markets around the world. U.S. crude futures were recently down about 3.5% at $51.60 a barrel Wednesday, falling well below the $53.04 level needed to push oil into another bear market after government data showed a surge in domestic stockpiles. Prices had flirted with bear-market territory earlier in the week before closing above the price threshold. If Wednesday’s drop holds, this would be the third bear market for U.S. oil prices since th...

Admin 06.06.2019 0 82
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