DVN - WTI Oil Prices And Canadian Capital Gains Taxes
2024-06-24 16:10:00 ET
Summary
- My expectation for West Texas Intermediate oil prices for July is unchanged from June. That is, WTI should range from $75 to $95 per barrel.
- Several Canadian oil and gas investors on X (formerly Twitter) attributed this fall in value to the upcoming June 25 deadline for increased capital gains taxes.
- Away from Canadian capital gains taxes and back to the original topic of oil prices, there have been no fundamental changes that have caused a reevaluation of my WTI range.
My expectation for West Texas Intermediate ((WTI)) oil prices for July is unchanged from June. That is, WTI should range from $75 to $95 per barrel. A narrower range is from $77.50 to $87.50 per barrel. This is the fourth month in a row where my expectations have been unchanged....
WTI Oil Prices And Canadian Capital Gains Taxes