The oil price selloff appears to have run out of steam with oil prices finding a floor over the past week. Brent crude for June delivery was trading at $82.44 per barrel in Wednesday’s intraday session, a sharp decline from $90.10 a month ago while the corresponding WTI contract was trading at $78.17 per barrel down from $85.41 over the timeframe. Demand concerns coupled with softening geopolitical risk premium have been blamed for the pullback, with commodity analysts at Citi warning that oil prices could fall to the 70s range in…
Hence then, the article about under hedged u s shale patch exposed to falling oil prices was published today ( ) and is available onOILPRICE ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( Under-hedged U.S. Shale Patch Exposed To Falling Oil Prices )