Petroleum gas drips from the nozzle of a fuel pump hose at a gas station, operated by Tatneft PJSC, in Kazan, Tatarstan, Russia. (Photographer: Andrey Rudakov/Bloomberg) 

Oil Teeters on Edge of Bear Market as Recession Warnings Spread

(Bloomberg) -- Oil edged closer to a bear market collapse as Wall Street banks raised the specter of a recession, while Saudi Arabia tried to assure investors that OPEC will avert a supply glut.

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