# Why oil prices tumbled from four-year highs into a bear market

> U.S. crude fell from near four-year highs reached six weeks earlier to its lowest level since early December, and both WTI and Brent entered bear market territory, down more than 20% from 52-week highs. Crude had posted a record losing streak and settled at $55.69 on the latest session.

- Date: 2018-11-13 · published 2018-11-13T12:00:00.000Z
- Category: market · region Global · magnitude medium
- Page: https://feedsoft.ai/events/6657-why-oil-prices-tumbled-from-four-year-highs-into-a-bear-market
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Traders shifted from fearing an oil shortage to expecting supply to exceed demand into 2019, which points to continued downward pressure on crude prices and related energy costs for feed producers.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| BRENT | 2018-11-13 | 1 | -6.2% | -4.3 | Documents the same-day selloff into bear market territory after a record losing streak, indicating momentum-driven liquidation and oversupply concerns. |
| BRENT | 2018-11-13 | 5 | -8.3% | -2.8 | Documents the move into a bear market and record losing streak, reflecting the broad momentum selling that drove the 5-day decline. |

## Sources

- cnbc.com: https://www.cnbc.com/2018/11/13/why-oil-prices-tumbled-from-four-year-highs-into-a-bear-market.html

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