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USL - Crude Oil Continues To Slip - Is It Getting To The Buy Zone?
United States 12 Month Oil
After trading at highs of $66.60 on the nearby NYMEX WTI futures contract at $75.59 per barrel on the active month ICE Brent futures contract in late April, the price of the commodity that powers the world turned lower. A little over one month after it hit its high, the price of crude oil has entered what many analysts call "bear market territory." When a market falls by over 20%, it is considered a bear, which I never quite grasped. A bear market is one where the price of an asset moves lower over a