WTI Crude Tops $98 - Highest In 9 Months

Tyler Durden's picture

Amid the Syria debacle (or growth 'hope' if you are a true believer), the price of a barrel of WTI crude oil just topped $98 - its highest since September of last year.

The bad news for all those that 'consume' is that this level of crude suggests the price at the pump will be hitting $3.80 - that elusive P/E expansion-ending level - very soon.

 

 

Charts: Bloomberg