If you haven’t noticed, oil prices have been cratering in recent days

Brian Zinchuk

Brian Zinchuk is editor and owner of Pipeline Online

If you haven’t been paying attention over the last week or two, oil prices have been tanking, and tanking hard.

By noon on Wednesday, Nov. 8, West Texas Intermediate was US$75.16. On Monday, Nov. 6, it was US$80.82. On Oct. 19, the price was US$88.37. That’s a slide of US$13.21, or 15 per cent, in 20 days.

But perhaps more significantly, Western Canadian Select has fallen below the US$50 mark. According to Oilprice.com, at noon the price was US$49.92. That’s a differential of US$25.24.

• 0060 Arizona Lithium Lease building
  0060 Arizona Lithium Lease building
• 0059 Southeast College Heavy Equipment Operator
  0059 Southeast College Heavy Equipment Operator
• 0058 Royal Helium Steveville opens anonymous rocket
  0058 Royal Helium Steveville opens anonymous rocket
• 9002 Pipeline Online 30 sec EBEX
  9002 Pipeline Online 30 sec EBEX
• 0055 Smart Power Be Smart with your Power office
  0055 Smart Power Be Smart with your Power office
• 0015 Latus Viro
  0015 Latus Viro
• 0052 Predator Inspections
  0052 Predator Inspections
• 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
• 0043 ALX ten sizes
  0043 ALX ten sizes
• 0039 Summit ESP Saskatchewan lower third
  0039 Summit ESP Saskatchewan lower third
• 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
• 9001
• 0002