An Historic Look At Bull and Bear Markets for Oil

Includes: DBO, OIL, USO
by: TickerSense

Oil's low close of $50.48 on January 18th, 2007 seems decades away as prices are up 62% since then. With T. Boone Pickens forecasting $100 oil (thankfully not this year), we looked back at historical price moves for the commodity since 1986.

Bull and bear markets are defined as 20% moves. Notably, the average gain for oil in a bull market is 62.89% (we are up 62.32% right now); the average length of a bull market is 226 days (we are at 245 days right now).