Weekly West Texas Intermediate Chart

Image placeholder title

WTI Monthly Chart

Image placeholder title

Stockcharts does not have intraday prices but it does have nice looking charts. The chart shown does not have today's plunge.

There could be a bounce at any time, but technically speaking, a bounce from the $33-$40 level seems more likely.

What's Going On?

  1. The US and Russia are pumping record amounts of oil.
  2. Trump granted a number of nations exemptions on his Iran sanctions
  3. OPEC infighting
  4. Fallout from the brutal killing of a Saudi dissident journalist
  5. Slowing global economy

Mike "Mish" Shedlock

Energy Bloodbath Continues: Five Reasons Why Crude is Plunging

The price of Crude fell another 7% today. It's down 28% since October 3. What's going on?

Crude Down Record 11th Day

Crude is down 22% since the early October high. Comments from Trump negated expectations that OPEC would cut production.

Crude Collapses Since Start of Year: A Credit Implosion Up Next

Crude extended it plunge today. For the year, it's down 32.5%.

Treasury Yield Spotlight: How Much Have Yields Risen From 1 Year Ago?

Are U.S. Treasury yields up or down from a year ago? The answer is yes: Both.

Fed Minutes Reveal Fed's Thinking 3 Weeks Ago: Value Zero

Today we found out what the Fed thought nearly a month ago. What's that worth?

New Home Sales Bounce 7% in June from Hugely Negative Revisions

New home sales rose 7% but the total fell far short of expectations because of revisions.

Diving Into the Medical CPI: Are Your Medical Expenses Up Only 5% from Year Ago?

On November 1, I posted a couple of charts from Variant Perception that shows medical price inflation plus rent inflation is up nearly 9% from a year ago.

Housing Starts: Yet Another Unexpected Thud, Down 11.2 Percent

Housing starts gave back all of their 3.2 percent increase in November and then some.

Congratulations Workers, You Now Make 0.5% More Than a Year Ago

In real (inflation-adjusted) terms workers make 0.5% more than a year ago, assuming one believes the CPI.