Rolling 2-Year Change In Oil Hits -71%

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Includes: BNO, DBO, DNO, DTO, DWTI, OIL, OLEM, OLO, SCO, SZO, UCO, USL, USO, UWTI
by: Bespoke Investment Group

Oil's price decline has reached a fever pitch recently, with everyone in the financial world monitoring its moves because of the impact it's having on other asset classes like equities and bonds. But investors don't quite realize just how long oil has been trending lower now. Oil's move over the last two years is now -71%, which is the lowest rolling 2-year change seen for the commodity going back to the early 1980s when price data begins. You can see a chart of the rolling 2-year change for oil below: