Remember me | Forgot password
For full content view: Log in Now!
After being in the news for much of the year because of high levels, oil prices are now garnering attention after slipping measurably in the last couple of months. On Nov. 17, the futures price for the December contract for West Texas Intermediate crude on the New York Mercantile Exchange (NYMEX) hit a low for 2006 at $55.81/bbl. Somewhat paradoxically, the January contract for WTI settled that same day at $58.97/bbl, up 40 cents. The steep difference between the immediate and second-month prices is a sign of a well-supplied crude market in the short term, said analysts. However, while the market is showing weakness now, these same analysts expect it to tighten up as the year comes to an end. They point out that once refiners come out of maintenance projects and increase runs, the drawdown on crude will firm up prices. Furthermore, any worsening of weather will also provoke...
This area of the site is restricted.
In order to gain access, please either Log
In, or subscribe to World Oil.
Two options are available to you for creating an account.
1. Get a Free Trial Subscription to World Oil Magazine and gain immediate access to select content on World Oil Online.
Start a Free Trial Subscription and gain immediate access to the complete current issue of World Oil Magazine. Plus, you’ll receive 3 upcoming issues of World Oil Magazine in print or digital format.* You also receive access to the Energy Events Calendar, Industry Statistics and WO Wire’s news and industry coverage.
2. Purchase a subscription to World Oil magazine and gain immediate
and complete access to World Oil Online. As a Total Access subscriber
you will have access to all areas of the site available to registered users and
free subscribers as well as having access to such premium content areas as:
Physical copies of this content may be available for purchase. Visit the Reprints & Back Issues section.
If you are already a paid subscriber and do not have access, please email CustomerService@worldoil.com.
World Oil's specialized upstream Engineering Data Tables featuring the Drill Bit Classifier, Tubing Tables and more. Get Total Access today.
Denver, CO - December 11-13
Doha - January 20-22
Cancun - January 27-29
All material subject to strictly enforced copyright laws.
© 2013 World Oil. © 2013 Gulf Publishing Company.