Some analysts see this as a win win because lower prices are good for consumers and the price dip may put downward pressure on inflation readings, which means the Fed can maintain stimulative low rates longer.
U.S. crude production is at the highest level since 1986 and is on target to exceed 9 million barrels per day. Average price for Brent crude oil is expected to be about $18 a barrel lower next year than previously forecast."
Record demand, record low temperatures and record production as the cold grips the nation and of course the natural gas. Natural gas rallied and broke as traders tried to assess the cold and new data from the Energy Information Administration.
Since breaking the $100 level in mid-October, WTI crude oil futures have been in a clear downtrend as prices continue to fall through key support levels. Here's an options strategy to take advantage of that with a great risk vs. reward ration.