Wednesday, January 20, 2016

Crude Oil five-year trend to January 19th, 2016

Oil continues down, with Brent Light Sweet North Sea crude now at $28.76 -- WTI is at $28.46:

(I clipped the Oil Price tracker in the RH column of the KF blog. I thought the five year trend would be most informative, notice the decline across the back end of 14 from the $100 level to about half that level. We are halving again as the Saudis try to squeeze the Shale Oil people and as Iran seems about to come back into the market. China's slowdown and the stock market plunge add to the trends.) 

Food for thought. END