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Cramer: WTI Could Drop To $40s In ‘Ferocious’ Bear Market

OilPrice.com Thursday, 8 November 2018
WTI Crude prices could drop into the $40s, with the U.S. oil benchmark in a ‘ferocious’ bear market, analyst and CNBC host Jim Cramer said on Thursday. WTI Crude prices slipped on Thursday by more than 20 percent from the four-year high hit just last month, entering bear market territory, as oil production in the United States continues to grow, Russia and Saudi Arabia put a lot more oil on the market, while the global economy and oil demand growth are starting to show signs of slowdown. At 11:47 a.m. CDT on Thursday, WTI Crude was…
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News video: Is There Going to Be a Market Slowdown? Jim Cramer's Take on the Market

Is There Going to Be a Market Slowdown? Jim Cramer's Take on the Market 01:06

Are you ready for a market slowdown? Jim Cramer says that now's not the time to buy and that he and his team over at Action Alerts Plus are eyeing their portfolios carefully. For investors who are worried about their portfolios as the midterms come to an end and all eyes turn towards the end of the...

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