2024-01-31 22:20:00 ET
Summary
- For February, I expect West Texas Intermediate (WTI) oil prices to range between $65 to $85 per barrel.
- 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 per barrel.
- Last month, I expected prices to hover around $75, and bobble about with the news headlines. For most of January, oil prices were close to $75.
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 per barrel....
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Oil Update - January 2024