Oil seems set to close out the year on a high note. Friday, December 27th, 2019 Oil prices are roughly 30 percent higher than they were at the start of the year, although 12 months ago saw a sudden and steep downturn. Still, WTI rose above $61 in recent days, and investors are more bullish than they have been in months. That does not mean that the downside risks have gone away – the IEA still sees a supply surplus in the first quarter – but there is now hope that the market is closer to balance than it has been in a long time. Shale closes out great/lousy decade . The U.S. shale industry closes the door on a wild decade, complete with record production levels, but […]