#TBT - It's hard to believe it but just about exactly a year ago, we were still looking at Crude oil that was dancing around the old $100 "new normal" benchmark.
Front month trading in August of last year saw WTI for September at $96.07 (August 20th), with a 52 week high of $106.64 and a 52 week low of $89.09.
Yesterday front month Brent closed at $49.66 and WTI settled at $43.30. The 52 week high for WTI as of today is $92.31, and the 52 week low is $42.07 - however, today's trading looks like it may break that low.
Trading in July for front month August was over $100/bbl.
From June 2014 to December 2014, Crude dropped over 40% from its highs (and continued to slide in 2015).
You can view the drop in interactive chart form by clicking here.
Where do you think the bottom is?
(Also, if you want a recap of some of the major events affecting pricing since the slide began, you can read up on them here:
Greece Nears Default, sends Commodity Prices Reeling - June 2015
Oil Slides on Economic Data - August 2015 )
