Oil Update – January 2024

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Oil Pumps And Rig At Sunset By The Sea

imaginima

For February, I expect West Texas Intermediate (WTI) oil prices to range between $65 to $85 per barrel. This is the same range I used last month. If asked to narrow the range, I would offer $72.50 to $82.50 per barrel. As I compose this blog entry, WTI is about $78

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