Dallas Fed: 66%% of Oil Executives see WTI above $80 End Yr
3/27 11:58 AM
Dallas Fed: 66% of Oil Executives see WTI above $80 End Yr
CRANBURY, N.J. (DTN) -- Most oil and gas executives surveyed by the Federal
Reserve Bank of Dallas for their quarterly energy survey expect the spot price
of West Texas Intermediate to end 2024 above $80 bbl, the bank said Wednesday.
A majority of the executives expect WTI to end 2024 between $80 and $84.99
bbl, 41%, with 21% projecting an end year price between $85 and $89.99 bbl, and
25% forecasting a WTI valuation between $75 and $79.99 bbl.
The survey was taken when WTI averaged $82.52 bbl.
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