Batten down the hatches: West Texas Intermediate is at its lowest point in over a year

Sep 7, 2024

Share
Share
Tweet

Drilling in Alberta’s Rocky Mountain Foothills in the late fall of 2014. Photo by Brian Zinchuk

Benchmark oil price West Texas Intermediate indicated US$67.67 closed on Sept. 6, according to BNN Bloomberg and Oilprice.com.

According to BNN Bloomberg’s charts, that’s the lowest point since March 16 of 2023, when it was briefly US$66.74. And you have to go back to before the Ukraine war started, all the way to Dec. 2, 2021, to find another point where WTI was less than the current price today.

Brent closed at US$71.06 on Friday.

  • 0084 EMP Metals Pipeline Online
    0084 EMP Metals Pipeline Online
  • 0053 Kingston Midstream Westspur Alameda Click
    0053 Kingston Midstream Westspur Alameda Click
  • 0082 CsHM 2024 Pipeline
    0082 CsHM 2024 Pipeline
  • 0077 Caprice Resources Stand Up For Free Speech
    0077 Caprice Resources Stand Up For Free Speech
  • 0076 Latus only
    0076 Latus only
  • 0061 SIMSA 2024 For Sask Buy Sask
    0061 SIMSA 2024 For Sask Buy Sask
  • 0055 Smart Power Be Smart with your Power office
    0055 Smart Power Be Smart with your Power office
  • 0051 JML Hiring Pumpjack assembly
    0051 JML Hiring Pumpjack assembly
  • 0049 Scotsburn Dental soft guitar
    0049 Scotsburn Dental soft guitar
  • 0046 City of Estevan This is Estevan
    0046 City of Estevan This is Estevan
  • 0041 DEEP Since 2018 now we are going to build
    0041 DEEP Since 2018 now we are going to build
  • 0032 IWS Summer hiring rock trailer music
  • 0022 Grimes winter hiring
  • 0021 OSY Rentals S8 Promo
  • 0018 IWS Hiring Royal Summer
  • 0013 Panther Drilling PO ad 03 top drive rigs
  • 0011
  • 0006 JK Junior
  • 0002 gilliss casing services
    0002 gilliss casing services
  • 9002 Pipeline Online 30 sec EBEX
    9002 Pipeline Online 30 sec EBEX
  • 9001