Tuesday, January 28, 2025

Prices, Promises and a Pumped Up U.S. Rig Count

Oil in 2017 In WTI near month contracts, oil was trading above $55+ to start off the year, then it fell into a downward slog, dropping 4% to sub-$52 today. It feels like oil prices have been a tale of two continents as 2017 unfurls. On one hand there have been media stories that shed positive light of late as to OPEC