Crude Oil Surpasses $70 Per Barrel

Crude Oil Surpasses $70 Per Barrel

Crowley

Crude oil prices in the U.S. broke through the $70 mark on the New York Mercantile Exchange (NYMEX) for the first time this week since 2014. Analysts said increased demand, declining inventories, and tension in some oil producing countries were all contributing factors to the rise in price worldwide. During…

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Alex Mills is the former President of the Texas Alliance of Energy Producers. The Alliance is the largest state oil and gas associations in the nation with more than 3,000 members in 305 cities and 28 states.

 

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