Price Watch
A daily bulletin about oil and gas
The Futures
Oil and gas prices are more than numbers—they reflect global events, technological advancements, and environmental concerns.
Horizon Energy Digest
Your go-to source for the latest updates and insights in the energy sector.
Oil holds steady after one-month low on high supply expectations
Oil prices were steady on Wednesday after sliding to a one-month low in the previous session as investors assessed prospects of oversupply and talks over a Russia-Ukraine peace deal. Brent crude futures lost 5 cents to $62.43 a barrel by 0904 GMT. U.S. West Texas Intermediate crude futures were up 1 cent at $57.96.
Strategists See Near 5MM Barrel WoW USA Crude Stock Rise
In an oil and gas report sent to Rigzone by the Macquarie team late Monday, Macquarie strategists, including Walt Chancellor, revealed that they are forecasting that U.S. crude inventories will be up by 4.9 million barrels for the week ending November 21.
Curious Minds Corner
How has hydraulic fracturing (fracking) impacted U.S. oil production since 2010?
It tripled U.S. crude oil output between 2010 and 2020, significantly reducing dependence on imports.