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