Current /CL:NMX Stock Info

The oil and gas industry wasn’t given much of a respite following the unofficial ending to the holiday season. Oil prices continued their plunge on Monday, January 5, 2015, with West Texas Intermediate (WTI) and Brent prices closing at $49.78 and $53.12, respectively. The sub-$4.00 differential first appeared in December 2014. The last time the market saw a sub-$4.00 differential was January of 2012.

Industry veterans are confident in oil’s price recovery and believe the value will return to pre-price war levels of around $100, most recently...

Legal Notice