Oil is still in a bear market, no matter what you hear

The shortest bull oil market in the last two centuries was 13 years, the current is only 6-years-old. Wells Fargo analystAustin Pickle says this bear market will last much longer. Oil prices hit two-year-highs on Monday amid signs of continuously tightening markets and strong signals from Saudi Arabia and Russia that they are willing to extend their production cut deal beyond March 2018. The sentiment in the oil market has not been this bullish in more than two years, with oil demand growth expe...