Oil Market Struggles to Shake the Ghost of Crashes From the Past
- Holdings in WTI haven’t recovered from selloff in 2018
- Crude lost 40% in value in the fourth quarter of last year
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Investors just don’t love oil like they used to.
West Texas Intermediate crude fell the most in 4 1/2 years on Thursday as President Donald Trump reignited demand worries with a threat of new tariffs on imports from China. The slump was a reminder that crude markets have struggled to regain investor confidence after the U.S. benchmark wiped out more than 40% of its value during the final quarter of 2018.