Oil Prices Are CRASHING! (NEGATIVE $13.10 Per Barrel?!)
In this video we’ll talk about why oil (WTI and it’s futures ticker symbol CL) crashed. How that affects businesses and consumers. And finally, 5 different ways we can trade and potentially profit from this.
A Few facts about WTI for people who may not know:
1. West Texas Intermediate (WTI) is a crude oil that serves as one of the main global oil benchmarks.
2. It is sourced primarily from Texas and is one of the highest quality oils in the world, which is easy to refine.
3. WTI is the underlying commodity for the NYMEX’s oil futures contract.
4. WTI is often compared to Brent crude, which is the oil benchmark for two-thirds of the world’s oil contracts.
Thanks for watching and have a prosperous day! Please share on social media.
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