WTI Crashes To $57 Handle; 80% Of Shale Production Non-Economic
WTI Crude just burst below $58 and is now over 46% below the peak in June. Since the initial leaks of no production cuts at OPEC, WTI is down 25% (gold and silver are up 2-4%). At these levels only 4 of the US 18 Shale Oil regions remain economic...
61...60...59...58...57...
Down 25% from the initial OPEC leaks...
Which leaves only 20% of US Shale regions economic...
Unequivocally good!!
Charts: Bloomberg
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