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WTI Crude Crumbles Back To 6-Week Lows (Under $57.50)

Tyler Durden's picture




 

WTI Crude's late-day bounce yesterday is gone... and then some. Front-month (July) futures prices are back below $57.50 - their lowest since April 23rd (before the inventory "draw"s began). With OPEC's June meeting looming every closer, one wonders if this downward pressure on price is helping to solidify anti-Saudi rhetoric among the cartel members...

 

 

And as a reminder, some context from the last OPEC meeting...

 

Charts: Bloomberg

 

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Wed, 05/27/2015 - 09:28 | 6135815 Dr. Engali
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This site is and it's damn auto-start commercials are making it fucking unbearable to read.  

Wed, 05/27/2015 - 09:30 | 6135824 ZeroPower
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Get AdBlock for your browser, i don't see a single ad.

Wed, 05/27/2015 - 09:30 | 6135825 NoDebt
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AdBlock Plus.  ZH is unviewable without it.

Wed, 05/27/2015 - 09:32 | 6135835 Dr. Engali
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Thank's. Holy shit! I can't believe the difference. 

Wed, 05/27/2015 - 09:40 | 6135876 NoDebt
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Hey, no problem.  My invoice for IT services is in the mail.

Wed, 05/27/2015 - 09:56 | 6135949 kaiserhoff
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I've got it too,  but where do the Tyler's get any revenue?

Puzzlement, is it not?

Wed, 05/27/2015 - 09:59 | 6135966 NoDebt
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Please refer to the article currently up about Snapchat founder who says there aren't enough ad dollars in the world to support the valuations of internet companies that rely on ad revenue.

Puzzlement indeed.

Wed, 05/27/2015 - 10:17 | 6136049 freedogger
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Ad Block Plus now available for Android. Sorry Tyler...

Wed, 05/27/2015 - 10:24 | 6136066 elegance
elegance's picture

Don't worry. The GRU budget is huge. This psy-ops site will be here for long time.

Wed, 05/27/2015 - 09:33 | 6135840 new game
new game's picture

yup, side panels empty. was free?

Wed, 05/27/2015 - 09:39 | 6135871 mtl4
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Thanks ND, major improvement when viewing!

Wed, 05/27/2015 - 10:30 | 6136092 SERReal1
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When I enable AdBlock Plus for Chrome, it gets rid of all the ads, but it also gets rid of the comments. Is there a setting I am missing?

Wed, 05/27/2015 - 11:22 | 6136309 SERReal1
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Weird, a couple of F5 refreshes later and now it is blocking the ads and showing the comments.

Wed, 05/27/2015 - 13:03 | 6136668 chubakka
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excellent thanks

Wed, 05/27/2015 - 09:32 | 6135834 John Law Lives
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Ghostery works well for me.

Wed, 05/27/2015 - 09:31 | 6135827 NoDebt
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Cue the Snidely Whiplash music.  (Nobody's going to get that reference)

Wed, 05/27/2015 - 09:37 | 6135854 Dr. Engali
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Wrong! I remember Dudley Do-Right. I used to watch Moose and Squirrel right after school.

Wed, 05/27/2015 - 09:38 | 6135865 new game
new game's picture

leave it to beaver, i miss eddy.

Wed, 05/27/2015 - 09:38 | 6135867 NoDebt
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I had a crush on the aptly-named Penelope Pitstop.

Wed, 05/27/2015 - 09:42 | 6135879 Dr. Engali
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I had a crush on Trixie from Speed Racer.

Wed, 05/27/2015 - 10:00 | 6135969 NoDebt
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Never could get into her.  She talked funny.  Like all her words ran together in one long run-on sentence.

Wed, 05/27/2015 - 10:37 | 6136131 Fish Gone Bad
Fish Gone Bad's picture

Chim Chim makes guitar picks now.

Wed, 05/27/2015 - 09:31 | 6135829 new game
new game's picture

fundamentals can only be ignored for 3-4 months. although we are driving moar in moar eficient cars, the storage numbers today should signal another leg down. 50, half of plateau price of fed created w/4 trillion stimulus bubble at 100. air is coming out of all comods and hissing around - catch a hissing ballon, ha...

Wed, 05/27/2015 - 09:33 | 6135838 yogibear
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LOL, must be the booming economy. Driving to use your EBT card doesn't take much gas.

Wed, 05/27/2015 - 09:34 | 6135846 Stoploss
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Doc:

Take a Klonipin..

Install Firefox.

Add on the Ad Blocker...

 

Now it's a party!

Wed, 05/27/2015 - 09:35 | 6135855 new game
new game's picture

oily shirt contest! slide that off bitch and lets get down to it,ha...

Wed, 05/27/2015 - 09:39 | 6135870 kowalli
kowalli's picture

but but what about Yemen war>? ROFL.

Wed, 05/27/2015 - 09:41 | 6135878 Lady Jessica
Lady Jessica's picture

Is no-one impressed by the strangely symmetrical arc the latest bounce has assumed?

So smooth.  So pretty.

Wed, 05/27/2015 - 09:51 | 6135926 fremannx
Wed, 05/27/2015 - 10:45 | 6136163 Last of the Mid...
Last of the Middle Class's picture

we're gonna need moar QE, moar futures contracts, and shit 0% intrest for a while longer to pump up the price again. Shiiitttt I hate it when that happens.

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