OPEC has few escape routes from another bear market in oil

OPEC has few remaining tools left to boost prices, after investors seem unmoved by the decision to prolong supply cuts.
Photo: Nabil al-Jurani/AP/Polfoto/Arkiv
Photo: Nabil al-Jurani/AP/Polfoto/Arkiv
BY ANGELINA RASCOUET, WAEL MAHDI, & JAVIER BLAS, BLOOMBERG

Oil's back in a bear market and investors remain unmoved by last month's agreement to prolong supply cuts, leaving OPEC and its allies with few remaining tools to boost prices.

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