Oil Price Fundamental Weekly Forecast – Rig Count Up, Higher Prices May Encourage Increased U.S. Production
U.S West Texas Intermediate and international-benchmark Brent crude oil futures finished sharply higher last week, driven by huge inventory draws as reported by the American Petroleum Institute and the U.S. Energy Information Administration. Buyers also reacted positively to Saudi Arabia’s plan to cut exports. September West Texas Intermediate crude oil settled at $49.71, up $3.94 … Continue reading Oil Price Fundamental Weekly Forecast – Rig Count Up, Higher Prices May Encourage Increased U.S. Production
Source:: https://finance.yahoo.com/news/oil-price-fundamental-weekly-forecast-032223794.html
