Brent in Bear Market as Prices Fall Further

摘要

Oil prices fell Tuesday, with global benchmark Brent crude posting a third straight session of losses to enter a bear market amid persistent macroeconomic concerns that have sparked risk- off sentiment in investors. Brent is down more than 20% from its April peak, traders noted. The culprit, experts say, is obvious: The market is seeing continued fallout from US President Donald Trump’s decision to slap tariffs on a further $300 billion of Chinese goods (OD Aug.2’19).