![Saudi Arabia looks toward a post oil dependent future](http://i2.cdn.turner.com/money/dam/assets/170517151947-saudi-finance-minister-00001818-1024x576.jpg)
Look out below! The massive supply glut is once again sending crude oil prices into a tailspin.
Crude plunged into bear-market territory on Tuesday, sinking another 3% to a seven-month low of $42.75 a barrel. That’s down 23% from early January.
Source: cnn
Oil prices enter bear market as supply glut fears return