Posted on 01/14/2015 1:30:26 AM PST by zeestephen
Real time commodity prices from CNBC.
(Excerpt) Read more at cnbc.com ...
I just read that some think the narrowing of the brent /wti spread is a sign that oil may be bottoming. It said that brent should trade at a premium just based on logistics alone. Only time will tell.
The price of WTI and Brent are trying to converge.
From memory - it’s been at least 5 years since Brent closed under WTI.
The mid-cap oil companies that fracked and found new oil saved our economy during the Omama Depression. Now they are suffering. The hundreds of thousands who found employment with those companies should offer to take pay cuts now to save those companies from going out of business during this attack by the Saudis on our oil industry.
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