Crude Crumble! US Crude Oil Plunges 34% Since October 3rd, Phillips 66 Plunges 25% (Venezuela’s Crude Basket Down 23%)

US Crude Oil (West Texas Intermediate Cushing  OK) spot price has fallen 34% just since October 3, 2018. And using US oil company Phillips 66 out of Bartlesville Oklahoma as an example, Phillips 66 plunged 25% since October 3rd as well.

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At the south side of El Caribe, Venezuela has seen a plunge in their crude oil basket of 23% since early October.

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Venezuela’s El Presidente is not thrilled about the global decline in crude oil prices.

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But Mad-man Maduro may be thrilled at his country’s annual 46K% inflation rate!

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One thought on “Crude Crumble! US Crude Oil Plunges 34% Since October 3rd, Phillips 66 Plunges 25% (Venezuela’s Crude Basket Down 23%)

  1. Woo-hoo!!!
    Don’t you just love to watch the world’s most crucial industrial commodity trade like a “pink sheets” penny stock?
    Late-Stage, Degenerate Casino Capitalism at it’s best.

    Like

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