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Oil and Gas Outlook 2019: Output Cuts to Correct Market

Wednesday, January 16, 2019 11:49 am MST

By:

Georgia Williams

2018 proved to be a volatile year for the energy sector, especially oil. Despite many predicting that the year would offer price stability for the space, the opposite proved true.

The oil market saw wild price fluctuations this year. Brent crude started strong in January, trading at US$66.87 a barrel, then soared to a yearly high of US$84.16 in October before dropping to its 2018 low of US$59.04 in November.

The year played out very much the same for WTI crude, which started the year with upward movement from its January price of US$60.42 a barrel. In October, it hit its yearly high of US$76.41 before plummeting to US$50.93 some five weeks later...

Click here to read the complete oulook for 2019 for the O&G Industry. 

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