Bloomberg reported that after crude oil reached a 2016 peak in early June, prices have fallen by more than 10%, causing oil producers to prepare for a downturn in the second half of the year.

Bloomberg said some U.S. oil producers are attempting to hedge against the anticipated slump by selling shares and using the proceeds to repay debt or buy prospects to strengthen the asset side of the balance sheet.

For context, Bloomberg noted that oil dropped 38% in the second half of 2015 and 49% in 2014.