Oil prices go down—crashing—good news or bad news?

HARGA MINYAK DUNIA JATUH GILA WORLD OIL PRICES CRASHING

The oil prices are crashing.

WTI hit US$82.95 per barrel yesterday. Down almost US$12 per barrel. Or down 12.40% from the day before.

June oil futures are trading even lower at US$81.38 per barrel.

The Dow Jones is going up, up and away. 

The Dow hit 49,546 yesterday Friday 17 April 2026. Compared to the day before: 48,463 on Thursday.

That is a 993 point jump in the Dow in one day!! 

There is going to be a resolution in the Middle East.

CL = Crude oil (specifically West Texas Intermediate crude oil futures)

M = Contract month code for June

6 = The year ending in 6 (context determines the decade, e.g., 2016, 2026, etc.)


Tuan Syed Akbar Ali wrote in his blog, OutSyed The Box yesterday, Friday 17 April 2026.

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