The 20-Year Record for Oil

by Mickey Fulp, The Mercenary Geologist
Gold Seek

Early this year I presented a musing documenting seasonal moves in the price of gold over the past 20 years (Mercenary Musing, January 4, 2016).

Employing the same tools, I now report our research on the price of crude oil from 1996 to 2015.

In a series of normalized charts, I will show that regardless of overall year-over-year bull, bear, or neutral market conditions, there are predictable intra-year trends in the price of the North American benchmark oil, West Texas Intermediate crude (WTI).

The chart below plots the 20-year record of oil prices. Please note that all data is spot WTI, Cushing, Oklahoma, at daily New York close:

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