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Thursday, October 19, 2023

WTI Hits $90.48 -- October 19, 2023

Locator: 45821B. 

Whoo-hoo!

WTI: closes just under $90.

Market:

  • Devon Energy down.
  • CVX up sightly; mostly flat.
  • COP down slightly; mostly flat.


  • Rivian: down 5% today.
  • Lucid: down 4% today.
  • Polestar: down 3% today.
  • F: down 2% today.
  • GM: down half a percent today.

UAW: no news today.

  • striking members growing weary after five weeks;
  • inventories dwindling;
  • American GM/Ford/Chrysler owners looking at foreign replacements;
  • F: says best and final offer on the table
  • GM: can't meet UAW demands without "devastating effect" -- euphemism for bankruptcy

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