Yahoo!Finance graph only goes back to 1985, but the line was fairly flat and unchanging for the previous decades also. The challenge: coming up with an explanation for the dramatic "change" -- marked by the red line, from 1993 to 2001:
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Random Update On WTI Futures
This past week, very quietly, it appears WTI hit bottom and turned. It's up almost another dollar today, coming off its lows of $93 earlier this week to solidly above $95 at the moment. Operators who had contracts for $100 oil this past week did very, very well.
Whiting surges. EPD continues its move. CLR is up over 1%. The EPD, CLR stories are interesting. I'm not sure what to make of WLL. Are KOG investors moving to WLL? KOG continues to report great wells.