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home / news releases / WTIU - Crude Oil Processing Spreads Are Not Bearish


WTIU - Crude Oil Processing Spreads Are Not Bearish

The price of crude oil has corrected from the high at the end of April that took the price of nearby June NYMEX futures to a peak at $66.60 per barrel on April 23. Crude oil declined to a low at $60.04 on May 6, and on May 15 the price was at just over $62 on June futures. Technical support for the price of crude oil is at the May 6 low and at $55.31 which was the March 8 low for the energy commodity.

On May 13, the stock market plunged with the

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Stock Information

Company Name: UBS AG London Branch ZC SP ETRACS REDEEM 04/01/2047 USD 25 - Leveraged Long
Stock Symbol: WTIU
Market: NYSE

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