WTI Crude Oil Surges To Highest Price On Record For This Day In History

Tyler Durden's picture

Whether driven by real supply-demand issues, concerns over terrorism (sparked by the Sochi plane debacle), or hopes a renewed un-tapered QE on the basis of 2 piss-poor jobs reports in a row is unclear. What is clear is that WTI crude is having its best day in over 2 months - now at its highest in 2014, back above $100 a barrel and its most expensive in history for this time of year.

2014 highs, biggest jump in 2 months, back over $100 per barrel

 

and the most expensive barrel of oil for this time of year in history...

 

Charts: Bloomberg