Oil Prices Are in a Bear Market (Again) [The Motley Fool]
DENBURY RESOURCES (DNR)
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Source: The Motley Fool
Oil Prices Are in a Bear Market (Again) Last week was another rough one in the oil market. Oil fell as much as % at one point, which when added to May's % slump The renewed selling pressure in the oil market is another reminder to investors that they should avoid oil stocks that need higher oil prices to fuel their operations. Image source: Getty Images. The oil price roller coaster Oil prices have been all over the place in the past year. Crude crested at more than $7 a barrel last October, fueled by concerns about a potential global supply shortage as the Trump administration imposed new sanctions on Iran That forced OPEC to come to the oil market's rescue by reducing its production once again. The move helped ignite another rally in the oil market in 09, with crude rebounding nearly 0% from its bottom in December to more than $ a barrel by late April. However, growing concerns about the strength of the global economy due to the escalating trade war between the U.S. and China have w
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