Crude Reality of Inflation

Crude oil prices retreated further into a bear market, after having fallen more than 20% from a late February high.
Author:
Publish date:

Another slippery slide for crude oil sent the S&P 500 and Dow Jones Industrial Average into the red on Wednesday, June 21. Crude oil prices retreated further into a bear market, after having fallen more than 20% from a late February high. Crude plunged more than 2% on Tuesday, June 20, on worries over global oversupply and ballooning production. Prices fell more than 2% on Wednesday, settling at their lowest level since August.

On Thursday, West Texas Intermediate for August delivery rose 0.5% to $42.73 a barrel.

Watch More:

Apple Supplier's Shares Soar as the Company Goes on Sale

Imagination's New Dream

Elon Musk Closes Tesla Deal In China

The U.S. Might Be About to Sign Some More Defense Deals

U.S. Senate Republicans Are Set to Unveil Their Draft Healthcare Bill

This article was written by a staff member of TheStreet.