For Investors: WTI, Up; Drilling Costs, Down -- Are Happy Days Here Again? July 5, 2023

Locator: 45894WTI.  

Not yet. Despite WTI surging through $70 and drilling costs down in the US, and despite continues OPEC cuts; and, despite huge increases in jet fuel demand, oil companies are trading significantly lower today.

As a reminder, in 2022, Devon was the world's fastest growing oil company.

Ticker DVN today: down 1% today at $48.38; pays 9.32%.