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3 days ago · The lack of spending–mostly in U.S. shale plays, but also internationally–means lower global oil supplies in 2021. If oil prices were to stay below $50/bbl, U.S. oil production would drift lower. Simply put, production is not sustainable at WTI strip prices in the mid- to upper $40s.
4 days ago · Oil prices gained about 2% to a two-month high on Monday on hopes of rising demand during the Northern Hemisphere's summer driving season and worries that conflict in the Middle East could spread ...
Jun 3, 2024 · The average domestic crude oil first purchase price increased $4.19 (5.3%) to $83.16 per barrel. The average free-on-board (f.o.b.) cost of imported crude oil rose $5.35 (7.6%) to $75.54 per barrel. The average landed cost of foreign crude oil increased $5.05 (6.9%) to $78.09 per barrel.
4 days ago · Crude oil prices today held on to earlier gains made this week that pushed them to the highest in almost two months as fears of a further escalation of violence in the Middle East and...
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3 days ago · Oil Price: Get all information on the Price of Oil including News, Charts and Realtime Quotes.