Saturday, November 21st, 2009

Posts Tagged ‘ light crude ’

Have Oil Prices Bottomed?

Apr 3rd, 2009 | By Charles Delvalle | Category: Chart of the Day

Oil is a hot topic. Even when I was five my mother always moaned about how much gas prices had gone up. Before I got my first car, I was already an expert at locating the cheapest gas stations. So I felt particularly betrayed that oil prices didn’t move down much further like I predicted they would here. But listen, I don’t like losing. So when I realized was wrong, I decided to look at a chart of the Light Crude Oil Contracts ($WTIC) and see what it told me.