Tuesday, April 21, 2020

Oil prices.


Well, they're scary.

Bad scary. Yesterday (April 20) WTI went to zero. ZERO. Think about that. If the price is zero it means NO ONE is buying.

I used to live in TX, where the "awl bidness" drives the economy. You know folks there are freakin out.

I've found this nifty little javascript widget that shows you what WTI is. There's another for Brent. I'm guessing that the negative means futures contracts being cancelled.


WTI stands for West Texas Intermediate, fwiw.