Quote:
Originally Posted by Kavvy
Surprised this hasn't been brought back up, WTI has nearly broken through the old low we hit in January.
US stockpiles are 65% full and US production is at a all time high. Interesting that Brent is also falling, I wonder if that is due to speculation that the US may reverse their energy policy with regards to exporting oil.
http://www.bloomberg.com/news/articl...-straight-week |
Yeah, the oilpatch is pretty much ****ed for a while.
Probably a couple years at least.