Have Crude Oil Prices Peaked? #OilmanNEWS Oil and Gas News 

Have Crude Oil Prices Peaked?

It goes without saying benchmark West Texas Intermediate (“WTI”) crude oil prices have been on a wild ride over the past seven to eight months. After cratering nearly 80 percent from $76.90 per barrel (/bbl) on October 3, 2018 to $42.36/bbl on December 24, 2018, prices have since rebounded almost 60 percent, setting the most recent high of $66.60/bbl just four… Read More
At Current Crude Oil Prices, Is It Too Late to Hedge? #OilmanNEWS Oil and Gas News 

At Current Crude Oil Prices, Is It Too Late to Hedge?

U.S. benchmark (West Texas Intermediate, or “WTI”) and international Brent crude oil prices have plunged by more than a third from an October 3, 2018 high of $76.41per barrel (/bbl) and $86.29/bbl, respectively—the largest percentage decline since early 2016. Currently, WTI prices stand in the low $50s/bbl range, with Brent prices hovering at the low $60/bbl range. How Healthy Are… Read More
#OilmanNEWS Oil and Gas News 

From Bull to Bear: What to Make of the Sell-Off in the Crude Oil Market?

In the last month, crude oil prices have retreated from four-high highs amid concerns of rising oil production worldwide and weakening demand from developing countries despite the U.S. re-imposing sanctions on Iran. The oil market sell-off has shaved more than a fifth off the global Brent crude benchmark and slashed the price of U.S. crude (West Texas Intermediate, or “WTI”)… Read More
Subscribe to OILMAN TodayDelivered right to your inbox

Subscribe to OILMAN Today, a biweekly newsletter delivered to your inbox covering oil and gas business news, current events and industry information you need to know about.