With a drop in oil prices as precipitous as we have seen over the past week (at least 15%), you would think that, even in a sinking market, there would be a day where it would correct.
Well, today is not the day – at least not so far. As of 1:50PM the West Texas Intermediate price is $51.84 per barrel – down 69 cents…another 1.3%
Where it stops, no one knows….
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UPDATE: ….well, maybe we do know. All of a sudden prices have reversed and now, as of 3:56, are up $.47 a barrel….instead of down 1.3% we are now up .9%.
Who knows what is next………..
