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Mon, 2019 Mar 18
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7,726.10  /  +37.71
+0.77%
2,781.09  /  +21.27

The US crude will be traded at $ 50 to $ 55 in 2018 (2016-12-08)

The US crude will be traded at $ 50 to $ 55 in 2018

In this regard the Fitch Validation Institute estimates that US crude will be trading in the range of $50 to $55 a year which could reduce the financial problems that have caused bankruptcies in dozens of energy producers in recent years. The US crude has now reached $49 although it had reached $30 at the beginning of 2016.
The price of West Texas Intermediates was more than $ 100 in 2014. this high oil price hurt the active companies in the exploration and production industry and has caused more than 100 oil and gas companies in North America Face bankruptcy.

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