by Calculated Risk on 6/20/2017 09:57:00 AM
Tuesday, June 20, 2017
U.S. West Texas Intermediate crude oil futures were last down $1.19, or 2.7 percent, at $43.01.Click on graph for larger image
The first graph shows WTI and Brent spot oil prices from the EIA. (Prices today added).
According to Bloomberg, WTI is at $42.87 per barrel today, and Brent is at $45.69.
Prices really collapsed at the end of 2014 - and then rebounded a little - and then collapsed again at the end of 2015 and in early 2016.
Prices then rebounded to over $50 per barrel, but have been falling recently.
The second graph shows the year-over-year change in WTI based on data from the EIA.
Six times since 1987, oil prices have increased 100% or more YoY. And several times prices have almost fallen in half YoY.
Currently WTI is down about 12% year-over-year.
Posted by Calculated Risk on 6/20/2017 09:57:00 AM