WTIC West Texas Intermediate Crude Oil Daily Chart; Bear Market; Oil Crashes -40% in Only 11 Weeks

West Texas Intermediate Crude oil, WTIC, peaked at 77 in early October with the broad stock market. A -20% drop is a bear market which is the 61.60 level. WTIC is obviously in a bear market and crashes -40% in only 11 weeks; double the loss of a bear market! The Saudi's wipe beads of sweat off their foreheads with their white robes. Since oil is key to the recent downfall in the stock market, you would expect oil and stocks to recover together in the relief rally. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.