MW: Oil on the verge of busting above a bullish line in the sand, and exiting a bear market

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By Alessandro Pasetti

09/01/2019

MARKETWATCH reports: “After enduring a withering downturn, crude-oil prices flirted with a closely watched line in the sand that, if breached, could signal further gains ahead. West Texas Intermediate crude for February delivery CLG9, +4.92% was up $1.68, or 3.4%, at $51.45 a barrel, putting the U.S. benchmark a few percentage points short of its 50-day moving average at $53.50, according to FactSet data and based on the most-active contract.”

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