WTI crude prices

U.S. Shale Production, Its Impact on Oil Prices

  • U.S. oil production may never return to the weekly peaks of 13 million barrels per day (bpd) just before last year’s market crash.
  • Drilling activity has been on the rise since the fall of 2020, and considering the lag between rising oil prices.
  • Large listed producers promise restraint, and the market, and even OPEC+, believe restraint will indeed be the case for the U.S. oil industry this year.

A recent news article published in the Yahoo Finance reveals that U.S. Shale may trigger another oil...

https://mfame.guru/u-s-shale-production-its-impact-on-oil-prices/

Covid Hit Crude Oil Prices Less Optimistic in 2021

  • The year 2020 was a roller-coaster ride for commodities and especially for crude oil.
  • WTI crude prices fell into negative territory for the first time ever questioning the general market caveat that commodities price cannot be zero.
  • The second half has been equally remarkable as prices surged by leaps and bounds.
  • From hitting a low of $40.32 per barrel in April, WTI crude oil bounced back to hit a high near $49.3 in December.
  • While Brent managed to hold in the positive territory for the entire...

https://mfame.guru/covid-hit-crude-oil-prices-less-optimistic-in-2021/

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