Oil markets are struggling to recover from a global glut, but there are some signs of recovery.The price of Brent crude oil dropped about 1% to $54.90 a barrel Thursday on news of a glut of oil.Brent is the main benchmark for benchmark oil prices.Brent crude was trading at $54 per barrel before the report.Crude
A bear market is when the market loses more than expected, but the economy does better than expected.In a bear rally, the economy’s performance can be stronger than anticipated.A bear is when a market falls below its previous trend, which is usually the case when there are a lot of new entrants.In that case, you’re
Oil prices have plunged to $30 a barrel, and investors are scrambling to cash in on the low-cost oil.If you’re a trader, this is a great time to start buying in.Oil markets are so volatile, and so low-priced, that it’s easy to forget how cheap oil really is.In fact, a simple calculation of how much