The Slippery Path of Oil Prices in 2015
Oil prices have taken a wild ride 2015, slumping down to $48.73 in March, but then stabilizing and rising during the Northern spring as rig counts began to drop. It has become clear that the U.S. is now the swing producer creating a range between $49 and $65, where shale producers are happy to enter the market at the high end, but contract their production at the low end of the range.
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