Crude oil prices were on course for their first weekly increase after three consecutive weekly losses, following President Trump’s latest threat to Iran that gave the country 10-15 days to make a deal or “really bad things” would happen. At the time of writing, Brent crude was trading at $72.08 per barrel, with WTI at $66.89 per barrel.
Midland will host the 12th Annual West Texas Oil and Gas Convention and Tailgate Party on March 25 and 26. Roseland Oil and Gas is bringing this major industry event back to the Midland County Horseshoe Pavilion for two days of networking and equipment displays.
Curious Minds Corner
What basin is linked to increased Texas earthquakes from oil and gas production?
The Permian Basin, a large geologic formation, has been associated with heightened seismic activity.