WTI Crude Oil Plunges Below Zero

WTI Crude Oil Plunges Below Zero This chart shows the price of WTI crude oil below zero for the first time in history. Image: Financial Times

WTI Spot Oil Price and Cash Floor

WTI Spot Oil Price and Cash Floor The chart suggests that there is a risk that oil prices move to cash costs. Image: Goldman Sachs Global Investment Research

DM Real GDP and WTI Crude Oil (Leading Indicator)

DM Real GDP and WTI Crude Oil (Leading Indicator) Chart suggesting that the 18-month rate of change of WTI crude oil (inverted) tends to lead DM real GDP by 18 months. Image: Topdown Charts

Breakeven Prices for Existing U.S. Oil Wells

Breakeven Prices for Existing U.S. Oil Wells Breakeven prices for existing U.S. oil wells highlights that the current WTI oil price is too low for oil companies to make a decent return. Image: Federal Reserve Bank of Dallas Energy Survey

Does Surging Oil Prices Cause Recession?

Does Surging Oil Prices Cause Recession? Historically, a rise oil prices can cause recession because high inflation tends to lead to higher interest rates. But nowadays, oil shale production in the US limits the rise in oil prices and makes it possible to avoid a future crisis like the one in 2008.