Oil Industry Boom-to-Bust Cycle Took a Turn: 1861-2017

(Bloomberg) -- Oil prices rebounded in 2017 after five years of decline, marking the longest losing streak since the 1980s, according to BP plc data back to 1861. The longest period of rising prices ran from 2001 to 2008.

Oil Industry Boom-to-Bust Cycle Took a Turn: 1861-2017

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