Page 9 - மேஜெல்யாந் நடுத்தர நீரோடை கூட்டாளர்கள் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

3 Oil Stocks To Watch This Spring By Alex Kimani - Apr 15, 2021, 7:00 PM CDT Oil bulls who have been praying for oil prices to cross the $70 per barrel mark to affirm a full recovery after a very encouraging 6 month-long rally have unfortunately been disappointed. Oil prices seem to have hit a ceiling at the high 60s and are currently flirting with the low 60s with a Covid-19 resurgence raining on the bulls parade thanks to new lockdowns in key consumer regions such as India and the UK. Still, the U.S. oil and gas sector remains in good stead; J.P. Morgan has estimated that Permian s Delaware Basin oil drillers now require oil prices of just ~$33/bbl to break even down from $40/bbl in 2019. Indeed, JPM says most U.S. onshore operators are economic at current oil prices, and many operators are even likely to ramp up activity in H2 and build solid momentum for higher volumes in 2022.

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