Thursday, August 30, 2018

Wow, Wow, Wow -- WTI Just Went Over $70 -- August 30, 2018

About two months ago we were told WTI was in "severe backwardation -- meaning that "going forward," the price of WTI was expected to decline. Ever since that "severe backwardation" announcement, it seems, the price of WTI has been trending up.

Today, WTI went over $70 and is now solidly over $70.

See this post.

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