Business
There are two ways oil prices could go, and both of them could be… up? – Stockhead
Oil prices have been rising steadily since the announcement of successful COVID-19 vaccines in November last year with both oil benchmarks – the broader Brent Crude…
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Oil prices have been rising steadily since the announcement of successful COVID-19 vaccines in November last year with both oil benchmarks the broader Brent Crude and the West Texas Intermediate now past the $US60 ($77.23) per barrel mark.
This marks a critical point. There are many projects, such as US shale oil plays, that would be unprofitable below this point.
It also sparks the question of where oil prices are likely to go from here.
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