Current /CL:NMX Stock Info

May’s uncanny price stability, Iraq production growth, OPEC’s unknowns and shale’s “Fracklog” all competing for visibility in global petroleum’s crystal ball
West Texas Intermediate (WTI) oil prices have ranged from $57.26 to $60.93 for the entire month of May, offering the greatest sign of stability we have seen since November 2013.

Analyst firms and oil companies are speaking with much more confidence about $60 oil for the remainder of 2015. The latest edition of the Energy Information Administration’s Short Term Energy Outlook projects W...


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