West Texas Intermediate crude spot price

West Texas Intermediate Spot Price Leaving Record Lows

Eric Garland DataLab

As we mentioned last year, the low price of petroleum can cause systemic impacts all the way from automotive to finance. Some of it can be good, some bad. It’s all in how a company incorporates strategic level change into its planning.

The rising price of West Texas Intermediate may stabilize some parts of the energy sector, but we doubt that it will be in time to save the irrational level of junk bonds issued to float risky fracking startups.