Here are six reasons Brent and US crude oil futures are falling again.

07-Jul-2015

Oil is on the cusp of re-entering a bear market after its biggest one-day sell-off since February, with Brent crude — the international benchmark — starting the week with a 6 per cent fall to below $57 a barrel.

While prices stabilised on Tuesday, Brent crude oil futures are still down almost 18 per cent from its year-high above $69 a barrel in May. A bear market is commonly defined as when prices fall 20 per cent from their peak. The renewed sell-off comes a year after the oil market started its descent from above the $100 a barrel level it had averaged for most of this decade.

Here are six reasons Brent and US crude oil futures are falling again. (David Sheppard and Anjli Raval, FT Explains)