U.S. oil and gas executives’ outlook turned negative for the first time since the low point of the last oil bust, according to results of a survey released on Thursday by the Federal Reserve Bank of Dallas. A survey of executive sentiment fell to -10 from 47 in the prior quarter, the first negative reading since early 2016, when U.S. crude prices CLc1 plummeted to $26 per barrel. More than half of executives said they expect lower capital spending in 2019. Still, executives predict U.S. crude will end the year trading around $60 per barrel, a 30 percent increase over current prices. Executives are using a price of $50 to $64.99 per barrel for planning, according to the survey, which was conducted Dec. 12-20. Only […]