Post by
campst on Aug 02, 2016 12:21pm
West Texas intermediate
Second day that price has dropped below $40 ($39.48 as of this post). Although this is likely to reverse in the not too distant future, WTI is basically a bear market by definition.
There is a possiblity of some speculation on crude (I beileve there is a small cantango as of today). If so, this should bolster the spot price somewhat....
....but what do I know?
cheers