Source: Matt Egan, CNN.com, November 12, 2018
Not even Saudi Arabia could prevent crude oil from suffering the longest losing streak on record.
US oil prices initially jumped on Monday after Saudi Arabia signaled plans to combat oversupply fears by cutting production. But the rally faded, and crude eventually closed below $60 a barrel for the first time since February.
Crude has now lost ground for 11 consecutive days, the longest slide since oil futures trading was introduced on the NYMEX in March 1983.
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