shale oil production

Effects Of Shale Recovery In Oil Markets

  • The energy sector has this year emerged as the best-performing of all 11 U.S. market sectors.
  • Oil prices appear to have stabilized in the upper 60s.

According to an article published in Oil Price, after having a year to forget in 2020, the energy sector has this year emerged as the best-performing of all 11 U.S. market sectors.

Broadening the Market

Energy Select Sector SPDR ETF(NYSEARCA:XLE) is up 41% in the year-to-date, making the broader market S&P 500’s 11% gain appear downright anemic. Oil...

https://mfame.guru/effects-of-shale-recovery-in-oil-markets/

Crude Oil Futures Dip on Stronger Dollar

Crude oil futures inched lower during mid-morning trade in Asia Feb. 17, coming under pressure from a stronger US dollar and a technical correction in the overbought oil markets, as well as rising expectations of easing supply curbs from OPEC+ at its March 3 meeting, says an article published in S&P Global.

What Data Suggests 

At 10:37 am Singapore time (0237 GMT), the ICE Brent April contract was down 21 cents/b (0.33%) from the Feb. 16 settle at $63.14/b, while the March NYMEX light sweet crude...

https://mfame.guru/crude-oil-futures-dip-on-stronger-dollar/

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