The Dallas Fed First Quarter Energy Survey released on March 25, 2020 asked what West Texas Intermediate (WTI) oil price does your firm need to cover operating expenses for existing wells? The coronavirus and Saudi price war has crashed oil prices.
Our TCOIL preview for this week’s EIA DOE Weekly Petroleum Status Report highlights the key variables to watch out for. Crude oil markets are watching products and production after earnings with the all important import export trade.
West Texas Intermediate Crude Oil futures (WTI) Friday closed over a key previous weekly high over $55. WTI had been lagging behind Brent as shown in the BrentWTI spread widening. After a series of break and retests where to now?