Friday, January 3, 2025

Traders Evaluate Oil Pipeline News

Libyan pipeline attack closes 90 MBOPD Oil prices are hovering near two-year highs, as pipeline action and stock draws vie for traders’ attention. WTI crude is currently trading at $59.83/bbl, just below the $60.01/bbl reached in intraday trading earlier this week. This is quite a milestone, as WTI has not traded at $60/bbl since June 2015.Brent crude is also just

Finding Costs Drop to 10-Year Low - Oil & Gas 360

Dallas Fed Survey Finds Optimistic Energy Executives: “West Texas Operations at Full Tilt”

Growth growing on higher oil prices The Federal Reserve Bank of Dallas released its quarterly Energy Survey today, giving the results of the bank’s survey of energy executives. Overall activity in the oil and gas sector is growing rapidly, according to executives. The Fed’s business activity index, which represents changes in overall conditions and activity, was 38.1 in Q4 2017.