The markets have been preoccupied with a flurry of political headlines over the past few months such as the Brexit and the US presidential election. But in the background of all this, there has been a
The markets have been preoccupied with a flurry of political headlines over the past few months such as the Brexit and the US presidential election.
But in the background of all this, there has been a stealth slump in crude-oil prices.
Both front-month West Texas Intermediate crude and Brent crude prices have fallen by over 20% since their respective early-June peaks of $51.23 a barrel and $52.51 a barrel.
A drop of over 20% is considered to be a bear market.
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