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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…

 

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Unequivocally good!!

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