Current /CL:NMX Stock Info

The price of West Texas Intermediate (WTI) maintained weeks of stabilization before falling below $44/barrel on March 16, 2015 – the lowest since a price of $42.33 on March 11, 2009.

WTI exceeded $50/barrel earlier in the month as the falling rig counts and flat production forecasts seemed to assist in pushing up the price, but sky-high inventories and recent comments by the International Energy Agency (IEA) and OPEC have led to a price drop of roughly 10% since Thursday of last week.

The United States Energy Department jumped on the decl...

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