CNBC | Oil steadies but US crude faces biggest monthly loss in a year CNBC Slower economic growth and high inventories in crude and refined oil products have pressured Brent and U.S. West Texas Intermediate (WTI) crude futures some 20 percent lower from their 2016 highs, technically placing both in bear market territory. The ... Oil Prices Probe Bear Territory from Oversupply Oil faces big monthly loss on slowing economic growth, oversupply Oil futures poised for third monthly loss of the year |