July: $18.35 -$7.93
From ZeroHedge:
"Yesterday Was Scary, Today Is A Lot More Scary": Black Gold Bloodbath As 'Paper' Oil Plunges Everywhere
Forget Turnaround Tuesday. Oil is a “dangerous market to trade in right now,” said Pierre Andurand, founder of Andurand Capital Management LLP, in a Bloomberg TV interview. The market needs shutins to happen now, he said.....MORE, number go down.
“This has changed everything,” said Monica Malik, chief economist at Abu Dhabi Commercial Bank.
“So much of the recent recovery was based on the fact that the oil price had been above $50-$60, providing support to economic activity, and that’s just been decimated.”This "price slump was psychologically very important,” said Eugen Weinberg, Commerzbank AG’s head of commodity research....
And a picture (from Bloomberg) is worth a thousand words:
