The last time oil did this, it surged 80 percent
The last time oil did this, it surged 80 percent
Crude oil could be on the verge of a big comeback.
Since surging to four-year highs in October, the commodity has plummeted 39 percent down to levels not seen since mid-2017.
The last time it saw these lows, it had a massive rally, says Matt Maley, equity strategist at Miller Tabak.
"It got down to the $42.53 level, or $42.50, and that was the low it saw back 18 months ago in June 2017. Now after we saw that low, crude o...
