Brent crude and West Texas Intermediate (WTI) oil prices were dropping more than five percent each, Naeem Aslam, CIO at Zaye Capital Markets, highlighted in a market analysis sent to Rigzone on Monday.
Texas drivers are seeing another jump at the pump, with gas prices climbing across the state as tensions in Iran continue to put pressure on global oil markets.
Curious Minds Corner
What is a “field” in oil and gas terminology?
A geographic area containing one or more reservoirs of hydrocarbons.