Canada Markets close in 1 hr 36 mins

Oil's sharp price drop fuels questions for stock market

by_lewis_krauskopf
Oil's sharp price drop fuels questions for stock market

Oil prices fell further on Thursday as the Organization of the Petroleum Exporting Countries met in Vienna. Of the prior 12 occurrences, the oil drop overlapped eight times with what Ned Davis Research defines as a cyclical bear market - a 30 percent drop in the Dow Jones Industrial Average after 50 calendar days or a 13 percent decline after 145 calendar days.