A month ago, the price of Brent crude oil hit a new four-year high of more than $86 a barrel. In a spectacular reversal of fortune, it is now in a bear market, having plummeted by more than 20%.
Recent Oil articles
The oil price has crashed back down to earth recently. John Stepek emaines why, and explains what it means for the global economy.
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Oil prices reached four-year highs of around $80 this week. And the fundamentals of the market point to even higher prices in the short term.