Oil Bust Redux? WTI Futures Plunge over 18% Since October ’18 to $56.51

This is a syndicated repost courtesy of Confounded Interest. To view original, click here. Reposted with permission.

Instead of “Boomtown” by Thomas Hart Benton, it should be “Bust-town.”

West Texas Intermediate Crude Oil Futures have declined 18% since October 9, 2018.

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One of the causes is the ramp-up in US crude production.

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On the demand side,

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