WTI spot crude prices lowest since Feb. ‘05EIA says markets waiting for compliance with OPEC cuts; price expected to rise over winter, average $66 in ’06, $65 in ‘07 Petroleum News
The recent announcement of cuts of 1.2 million barrels per day in Organization of Petroleum Exporting Countries crude oil production hasn’t impacted world oil prices much, “as the market awaits evidence of substantial compliance,” the U.S. Department of Energy’s Energy Information Administration sai....
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OPEC cut aimed at actual output levels Henry Hub expected to stay below $9 per mcf
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