Oil Reverses Gear Into a Bear Market

Talk of a potential deal to freeze output helped push oil close to $50 a barrel and prompted money managers to cut bets on falling prices by the most ever. West Texas Intermediate, the U.S. benchmark, went from a bull to a bear market in less than three weeks. Oil fell after the longest run of gains in four years as Iraq seeks to increase exports amid a global overhang of crude inventories and as Nigerian militants call an end to hostilities. UBS Head of UK Investment Office Geoffrey Yu discusses with Bloomberg's Anna Edwards on "Countdown." (Source: Bloomberg)

Full Show: Surveillance (08/31)
39:27 - Bloomberg Surveillance hosted by Tom Keene and Francine Lacqua. Guests include Geoffrey Dennis of UBS Securities. Kyle Pomerleau of Metropolitan Life, and Timothy Graf of State Street Bank & Trust Co. (Source: Bloomberg)
  • Full Show: Surveillance (08/30)
  • Full Show: What'd You Miss? (08/30)
  • Milton Berg Makes the Case for a 30-Year Bear Market