Analysts were predicting that crude would reach $100 a barrel just a month ago. WSJ’s Sarah Kent explains why wildcards like U.S. shale production and President Trump have kept the market guessing. Image: GettyOil prices resumed a months-long slide on Friday, briefly dipping below $50 a barrel on fresh doubts about Russia’s commitment to cut crude production. U.S. crude prices notched their biggest one-month percentage loss since October 2008, down 22% in November. Brent, the global benchmark, declined 1.3% to $58.71, closing at a fresh one-year low.

Source: Wall Street Journal November 30, 2018 15:33 UTC