Oil Prices Are Headed to $150 As Demand Outpaces Supply: JPMorgan
"In the end, we're going to see a structural deficit that cant be managed or met quickly enough," said JPMorgan energy strategist Christyan Malek.
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"In the end, we're going to see a structural deficit that cant be managed or met quickly enough," said JPMorgan energy strategist Christyan Malek.
The U.S. oil rig count fell this week amid a drop in crude prices, while the gas rig count continues to increase
The U.S. oil rig count saw a relatively steep drop this week, falling in lockstep with benchmark crude prices this week
The U.S. rig count fell slightly this week as WTI crude prices continue to hold above $90 per barrel
Drilling activity in the U.S. oil patch declined for the second week in a row as drillers remain cautious to add more rigs