Oil Seen Stuck in Mid-$50s Range


Oil is being pulled in opposite directions by OPEC production cuts and increased U.S. shale oil

Crude Oil: $53.33 per barrel, Natural gas: $2.827/MMBtu, Gold:$ 1225.50 per troy oz.


Oil prices may have found their new normal, for now.

Analysts forecast that crude will remain stuck in its current tight-trading range in the mid-$50s a barrel until at least the spring, as the market continues to be pulled in opposite directions by OPEC output cuts and rising U.S. shale production.

That would prove a rare bout of calm. Read more.

Resource: WSJ

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