# Oil Teeters on Edge of Bear Market as Recession Warnings Spread - Bloomberg

> Crude oil fell 0.5% on Monday, its fourth straight daily decline, leaving prices within pennies of a 20% drop from late April. The article is a subscriber-only preview with limited detail.

- Date: 2019-06-02 · published 2019-06-02T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/11312-oil-teeters-on-edge-of-bear-market-as-recession-warnings-spread-bloomberg
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Continued declines in crude reduce energy input costs and weigh on biofuel-linked demand for vegetable oils. The move is routine price action without a new cause.

## Read by commodity

- WTI: bearish ▼

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2019-06-02/crude-heads-south-as-u-s-china-trade-tensions-sour-sentiment

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.