Oil's in a bear market

The markets have been preoccupied with a flurry of political headlines over the past few months such as Brexit and the US presidential election. But in the background of all this, there has been a stealth slump in crude oil prices. Both front-month WTI crude and Brent crude prices have fallen by over 20% since their early-June peak of $51.23 per barrel and $52.51 per barrel, respectively. A drop of over 20% is considered to be a bear market. A few months ago, around May, analysts attributed...