Oil Bust Redux? WTI Futures Plunge over 18% Since October ’18 to $56.51

Instead of “Boomtown” by Thomas Hart Benton, it should be “Bust-town.”

West Texas Intermediate Crude Oil Futures have declined 18% since October 9, 2018.

wtufutr

One of the causes is the ramp-up in US crude production.

uscrude.png

On the demand side,

crudeoitdem.png

1-boomtown-thomas-hart-benton

One thought on “Oil Bust Redux? WTI Futures Plunge over 18% Since October ’18 to $56.51

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