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

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

By Tyler Durden
Created 05/27/2015 - 08:24
Tyler Durden's picture [1]
Submitted by Tyler Durden [1] on 05/27/2015 08:24 -0500



 

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...

 

[4]

 

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

[5]

 

Charts: Bloomberg

 

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Source URL: http://www.zerohedge.com/news/2015-05-27/wti-crude-crumbles-back-6-week-lows-under-5750

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