May 21, 2018
Mickey Fulp and FSN have been discussing the West Texas Intermediate (WTI) to Brent Crude price ratio for nearly 7 years. During that we haven't seen any so-called reputable financial publications discuss the relevance or significance of the measure. All of a sudden, John reports, the WSJ screaming warnings from the rooftops claiming that the ratio is heading into dangerous territory. What's a truth seeker to do? Contrary to their contention, the ratio isn't sending up an oil price warning signal. Rather, it's very close to its historic average and could in fact be predicting a significant price decline. Let's see what happens next.