Another fun day on the rails

Now this is a heck of a ride:

djia jan20

What’s the deal, you ask? All together now:

U.S. oil recorded its worst settlement since May 2003 on Wednesday, caught in a broad slump across world financial markets with traders also fearful that the crude supply glut could last longer.

U.S. benchmark West Texas Intermediate (WTI) prices for February delivery settled at $26.55 a barrel, down $1.91, or 6.71 percent, up slightly from an intraday low of $26.19, its weakest price since May 2003. The February contract expired Wednesday.

Brent futures fell by 91 cents to $27.87 a barrel, up slightly from a trough of $27.10.

Just to warn you all: if we get to the point where I can trade this blog for a barrel of oil, I’m out of here.

Hey, thanks for reading! If you come here often, and you like what I do, would you please consider contributing something (sorry, that page is a work in progress) to keeping this place running and me out of debtor’s prison? Also, while you’re out there on the internet tubes, please consider liking this blog’s Facebook page and following me on Twitter! Thank you!

Author: DWD

writer, blogger, lover, fighter

Leave a Reply