Economic Times | Oil prices down 20% in a month as fundamentals weaken Economic Times These sanctions, however, will unlikely cut as much oil out of the market as initially expected as Washington has granted exemptions to Iran's biggest buyers which will allow them to continue buying limited amounts of crude for at least another six months. Oil ends lower for a ninth straight session and enters a bear market Crude oil plunges into bear market US crude oil enters bear market, prices fall for ninth straight session |