Commodity Trade Mantra

Posts Tagged ‘North Dakota’

Shale Liquidations Begin? Sub-$50 Oil Appears In North Dakota

While oil market analysts debate if oil will fall to $50, prices are already there in North Dakota. Cheaper price for North Dakota crude underscores how geographic & logistical hurdles can amplify the stress that plunging futures prices have put on drillers in new shale plays that have helped push US oil production to the highest level in 31 years.

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