Crude Oil Price Chart From The Year 2000

One notable aspect of the financial markets is the continuing sharp drop in crude oil prices.  Other commodities have also been under selling pressure.  I view these declines, as well as other aspects of the overall financial system, to be manifestations of “deflationary pressures,” of which I have extensively written.

For reference purposes, here is a chart of (spot) Light Crude Oil, from the year 2000 to yesterday’s closing price, depicted on a weekly basis using a LOG scale, with price labels:

(click on chart to enlarge image)(chart courtesy of; chart creation and annotation by the author)

light crude oil price since 2000


The Special Note summarizes my overall thoughts about our economic situation

SPX at 2025.59 as this post is written