Top Stories
Top Stories

History shows oil’s troubles may continue in August

Scott Dalton | Bloomberg | Getty Images

Oil prices have tanked to about $40 from above $50 in early June. But if history is any guide, don't bet on a rebound just yet.

According to Kensho, a tool that crunches historical market data, crude is more likely to fall further.

Here's the best way to play this trend.