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Market Extra: 7 key reasons the ‘bottom is falling out’ of oil prices on Black Friday

Crude-oil prices were carving out fresh yearly lows early Friday, deepening carnage in a commodity that already has futures for the U.S. benchmark and the international contract in bear-market territory.

Global benchmark Brent oil LCOF9, -6.41% and WTI are in a bear market, usually defined as a drop of at least 20% from a recent peak.

Here are a few reasons that industry experts say are contributing to Friday’s tumble, which had West Texas Intermediate crude US:CLZ8 on the brink of slipping below $50 a barrel, off by about 7%, and approaching the lowest settlement since October of 2017:

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