Some Energy Analysts Feel Optimistic Oil Downturn Shows Signs Of Improvement

NewsOK.com RSS - business, Daily Oklahoman: Business
Thu, 05/26/2016 - 8:08pm

By Adam Wilmoth Energy Editor awilmoth@oklahoman.comDomestic oil prices briefly topped $50 a barrel Thursday as the industry shows more signs of recovery from an oil price drop that has stretched for nearly two years. Despite recent gains, however, record U.S. and global oil storage levels continue to hold prices well below levels seen two years ago. "Because of increased efficiency, even marginal firms without much more of an increase in price will be viable and could turn some positive cash flow," said Robert Dauffenbach, director of the University of Oklahoma's Center for Economic and Management Research.Read more on NewsOK.com

Topics: adam wilmoth energy editor u.s robert dauffenbach university oklahoma's center economic management research newsok oil shows signs levels years prices price

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Some Energy Analysts Feel Optimistic Oil Downturn Shows Signs Of Improvement

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