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Oil Teeters On Brink of A Bear Market

FYI: Oil prices are on the cusp of a bear market one month after hitting four-year highs as a wave of supply has returned to hit crumbling confidence in global growth.

U.S. crude prices have fallen 19% since breaking above $76 a barrel in early October, on worries over slowing demand for fuel and record production from major oil exporters.

The sharp reversal marks another twist in an uncertain global market, as investors attempt to piece together the largest influences on supply and demand.
Regards,
Ted
https://www.wsj.com/articles/oil-ticks-down-as-some-countries-get-reprieve-from-iran-sanctions-1541505033?mod=searchresults&page=1&pos=7
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