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I just looked up WTI.  It says  $20.40 ten minutes ago.  I wonder when it hit $7.  Did it bottom and then go up?

Wholesale Spot Petroleum Prices, 4/01/20 Close

Product Area Price Percent
Crude Oil
WTI 20.28 -1.1
Brent 14.85 0.0
Louisiana Light 15.28


spot bids Tuesday and Wednesday in So. TX @ $4.00 and Central OK @ $7.00 FOB at the wellhead/lease.  Crude buyers are looking for whatever ways they can to reject barrels due to lack of market/storage options.  IMO, some real negative price-gouging going on by those with storage options - tough situation especially for the smaller producer with limited market presence/stroke with crude buyers. 


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