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QP - WTI retreats from $40 as COVID-19 spikes rock markets - June 15, 2020
After increasing steadily the week that ended June 5, front-month WTI appeared poised to return to $40/bbl territory. And it actually popped above that threshold in early trading last Monday for the first time since March before retreating to a $38.19 settlement. The closest WTI got to breaking through $40 the rest of the week was Wednesday afternoon when it reached a high of $39.91 and settled at $39.60 despite the EIA reporting a......
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