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Oil Investors Suffer Record Second Year of Misery

  • WTI crude-oil futures nearing a 63% two-year price decline
  • S&P energy index heads to first back-to-back dip since 2002
Bloomberg business news

Deep Dive: Oil Is Dictating Stocks' Moves

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Another horrendous year is drawing to a close in the oil patch. After starting out with hopes of a rebound, 2015 will instead punctuate the worst two years ever suffered by U.S. crude producers.

West Texas Intermediate futures are heading for their biggest-ever two-year drop, while the Standard & Poor’s Energy Sector Index is set to mark its first consecutive decline since 2002. Futures and equities will post December decreases, signaling more discomfort as 2016 starts.