Current /CL:NMX Stock Info

Oil traders experienced a moral victory today, witnessing West Texas Intermediate (WTI) close at $52.13 – the highest since January 5, 2015. The spot price has rebounded 17% in less than a week, dating back to the closing of $44.45 on Wednesday, January 27.

A note published this morning by Stifel provided more bullish forecasts for investors, and even upgraded or raised price targets on nine E&P companies. The investment firm believes declining rig counts, which are down 24% from October, will eventually slow United States supply growth ...

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