US crude oil production has reached a record high of 11 million barrels per day, a 60% rise since 2017 , to surpass US as the world’s largest producer of crude oil. So, when it comes to trying to predict what the price of oil will be, just remember Rod: "for all the wisdom of a lifetime, no one can ever tell." The growing US shale oil market is expected to boost the figures further having achieved positive free cash flow for investors for the third time. Chinese tariffs could put pressure on West Texas Intermediate (WTI), the US benchmark oil price, widening its discount to the global benchmark Hassan Rouhani , making WTI more attractive to foreign buyers.
US crude oil production has reached a record high of 11 million barrels per day, a 60% rise since 2017 , to surpass US as the world’s largest producer of crude oil. The growing US shale oil market is expected to boost the figures further having achieved positive free cash flow for investors for the third time. Chinese tariffs could put pressure on West Texas Intermediate (WTI), the US benchmark oil price, widening its discount to the global benchmark Hassan Rouhani , making WTI more attractive to foreign buyers.