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November is upon us and temperatures across the US are beginning to fall as oil prices rise to year-to-date highs. Looking at the average 12-month forward curve for WTI, oil prices rose to $54.19/b in early November, an increase of $2.62/b month over month
ReadThere are many contributing factors that are causing US oil prices to remain suppressed. Part of the reason is that petroleum inventories are not declining as quickly as some market participants had expected
ReadIn the last year, commodity prices have improved considerably. While oil prices were sub-$40/b in early 2016, producers were cutting back on new drilling and focusing on efficiencies — by cutting costs and concentrating drilling in the highest initial...
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