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Home > WTI Crude Tops $98 - Highest In 9 Months

WTI Crude Tops $98 - Highest In 9 Months

By Tyler Durden
Created 06/14/2013 - 08:41
Tyler Durden's picture [1]
Submitted by Tyler Durden [1] on 06/14/2013 08:41 -0500



 

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.

[4]

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 [5].

 

 

Charts: Bloomberg

 

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Source URL: http://www.zerohedge.com/news/2013-06-14/wti-tops-98-highest-9-months

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[1] http://www.zerohedge.com/users/tyler-durden
[2] http://www.zerohedge.com/taxonomy_vtn/term/10861
[3] http://www.zerohedge.com/taxonomy_vtn/term/9127
[4] http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2013/06/20130614_WTI1.jpg
[5] http://www.zerohedge.com/news/2013-02-23/380-scariest-number-bulls