| Oil has been in a bull market recently. Or was that a bear market? It can be tough to keep track when crude shifts as much as it does. West Texas Intermediate has gone from a bull market into a bear market, or vice versa, five times this year, according to WSJ Market Data Group.
That’s the most times since 1998, when it also crossed five times, according to the data, which is based on continuous front-month futures contracts. A gain or loss of 20% typically signals the start of a bull or bear market, respectively. After entering one, it takes a 20% move in the opposite direction to switch courses. A move of that size is big, so it typically doesn’t happen all that often — except in 2016...............................................Full Article: Source
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