RE:Wow, WTI up to $53.48, $1.30 higher than the close.The Feb contract is +$0.2 from the it's close. You are looking at the Jan. contract close relative to the feb contracts price now. That gives you a $1.3 difference.
SGY stone energy in the US is where oil traders are now. Company filed for bankruptcy yet it runs 20% a day with wild swings.