Oil on Track for Bear Market Due to Global-Growth Fears

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Oil prices have been on a six-week skid because of swelling supplies and worries about global economic growth

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. The declines highlight investors’ fears that trade tensions will further undermine economic expansion...

 

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