USOI - Oil Update - March 2024
2024-04-01 09:00:00 ET
Summary
- West Texas Intermediate oil prices for April should range from $75 to $95 per barrel, an increase of $5 per barrel from March. A narrower range is from $77.50 to $87.50 per barrel.
- During the last two months, oil prices have slowly been grinding higher. Last month, I expected prices to stay in the high $70s and low $80s. Oil prices closed on Thursday, March 28 at about $83 dollars per barrel.
- Now that oil prices have cracked above $80 per barrel, some analysts are calling for $100 per barrel or greater by the end of summer. I am reluctant to be as bullish as they are.
West Texas Intermediate ((WTI)) oil prices for April should range from $75 to $95 per barrel, an increase of $5 per barrel from March. A narrower range is from $77.50 to $87.50 per barrel....
Oil Update - March 2024