Oil falls below $70 as U.S. crude enters ‘bear market’ (Reuters)

Oil prices fell to multi-month lows on Friday as global supply increased and investors worried about the impact on fuel demand of lower economic growth and trade disputes.

Benchmark Brent crude (LCOc1) fell below $70 a barrel for the first time since early April, down more than 18 percent since reaching four-year highs at the beginning of October.

“There is no slowing down the bear train,” said Stephen Brennock, analyst at London brokerage PVM Oil. “Instead, the energy complex has extended a rout driven by swelling global supplies and a softening demand outlook.”
more detail at: https://finance.yahoo.com/news/oil-prices-down-20-percent-015431732.html

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