Some Investors Think Crude Oil Hit By Bear Market
By : Entertainment (now)
Published On: 2018-11-24
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01:02
According to Reuters, some investors think a bear market is brewing, after the latest collapse in the price of oil.
A lack of confidence in energy stocks has slowly grown over the year, since oil prices have been up and down.
Though crude prices recently surged to four-year highs, tensions between Washington and Tehran led to sanctions against Iranian exports.
OPEC has also agreed to a new round of production cuts to reduce a growing supply glut.
But oil prices lost up to 6-percent on Nov.
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