Locator: 46851B.
Might WTI hit $80 this week? We're less than a buck from $80 this evening, trading at $79.58.
Focus on fracking: link here. This week's lede:
- oil prices are at a 3 month high;
- natural gas prices settled at new 3½ year lows four days this week;
- US refinery utilization rate, refinery throughput, and distillates production all are lowest in 58 weeks, on ongoing Gulf Coast shut-ins;
- January’s global oil production was 1,520,000 barrels per day below estimated demand.
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