OPEC's Oil Basket Price Is Averaging ~$65 For 2019, Keeping It There Presents Challenges
OPEC's Oil Basket Price Is Averaging ~$65 For 2019, Keeping It There Presents Challenges
We are nearing the end of the current oil trading year's third quarter and crude prices, while volatile, continue to oscillate within a predictable $50-70 per barrel range, with both the global proxy benchmark Brent, as well as the U.S. benchmark the West Texas Intermediate, finding, testing but ultimately failing to breach the floor and ceiling of the stated range.
It has meant that...