Article Image
News Link • Economy - Economics USA

WTI Crude Plunges To New 7-Month Lows


Brent crude is rising this morning up from an earlier dip to $101.75. That is not the case for WTI crude which has been in freefall since this morning's CPI data print. Brent-WTI has soared from below $5 to over $6.50 in the last few hours as WTI drops to a $95 handle at its lowest since mid-January.

Obviously positioning in crude was very speculatively long but one wonders at the price action when it would appear to be the only 'weapon' Obama has left to fight Putin.

Join us on our Social Networks:


Share this page with your friends on your favorite social network: