When and where will the dust settle?

Brent crude traded at $86.50 Tuesday morning, at the same time WTI was trading at $84.25.  By midday they were both down, to $86.00 and $82.66, respectively. By afternoon, Brent  was off $3.25 at $85.64, and WTI closed down $3.08 at $82.66. Where will oil prices end up and where will they leave the U.S. shale producers?

Many energy research teams have weighed in during the past few days. Baird said in a note that “all in, economics of core oil plays (Eagle Ford, Bakken and Permian) are still robust wit...

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