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Comparing The Hypes Of The Last 3 Extreme Moves Of Oil

The plunge of oil (NYSEARCA:USO) by about 50% since June has been one of the most spectacular trends of the market. Most investors wonder how long this bear market will last and whether there is much more downside. To provide a perspective, it is interesting to examine the last 3 extreme moves of oil and their underlying fundamentals, which were later proved wrong. The data used in the discussion were derived from the table below, from Energy Information Administration. Read more