Tag: Crude Oil Apr 2022

Oil suffers ‘spectacular’ collapse, enters bear market just 5 days after settling at nearly 14-year highs
Oil suffers ‘spectacular’ collapse, enters bear market just 5 days after settling at nearly 14-year highs

US and global benchmark crude oil officially entered a bear market on Tuesday, just five trading days after they settled at their highest prices since 2008. “The collapse has been spectacular,” Fawad Razaqzada, market analyst at ThinkMarkets, in a market update. On Tuesday, the front-month April West Texas Intermediate crude futures contract CL.1, -7.18% CLJ22, […]

Oil suffers ‘spectacular’ collapse, falls into bear market territory just 5 days after settling at nearly 14-year highs
Oil suffers ‘spectacular’ collapse, falls into bear market territory just 5 days after settling at nearly 14-year highs

US and global benchmark crude oil entered bear market territory on Tuesday, just five trading days after they settled at their highest prices since 2008. “The collapse has been spectacular,” Fawad Razaqzada, market analyst at ThinkMarkets, in a market update. In Tuesday dealings, the front-month April West Texas Intermediate crude futures contract CL.1, -5.81% CLJ22, […]

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