New Reality for Oil: Steadier Prices Reflecting Role of Shale Producers - News Summed Up

New Reality for Oil: Steadier Prices Reflecting Role of Shale Producers


After a long period of boom or bust, the new reality for oil prices is a narrower trading range that is frustrating many longer-term investors but has eased some pressure on big oil companies. U.S. oil prices are entering their sixth month of trading roughly between $40 and $50 a barrel. Many investors are betting the market may be choppy but will remain in that range through year’s end. The relative calm reflects how U.S....


Source: Wall Street Journal September 11, 2016 18:45 UTC



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