Pre. Settlement | N/A |
Settlement date | 2021-04-01 |
Open | 67.26 |
Bid | 68.53 |
Last price | 66.74 |
Day's range | 66.66 - 69.69 |
Volume | 39,966 |
Ask | 70.80 |
“The days of $100 oil are over,” says Bubba Trading founder and CEO Todd Horwitz.
The oil industry’s inroads to cutting supply are “dwarfed by the by the cuts that we’ve seen in demand,” even as states re-open their economies amid the coronavirus pandemic, says one oil expert.
Don’t expect the US shale industry, battered by the pandemic and an oil price war already this year, to move into strong growth levels any time soon, says one oil expert.