Recently WTI below $11/BBL. A lot of lower grades will likely be below $0/BBL.WetEV wrote: ↑Sun Apr 19, 2020 6:48 pmWTI was below $15 ($14.77) just a bit ago. Lowest price this century.
The heavy "sulfur filled crud" usually sells at about a $15 discount to WTI.
On the other hand, skies are blue, even in places that hasn't happened in decades.
A whole lot of oil wells are going to get plugged with concrete.