Following the announcement of the COVID-19 vaccines, the WTI spiked to its highest levels since March. Recovery has arrived, and it’s right around the corner.
WILL SPRING 2021 HERALD IN PRE-COVID PRICES?
We think it will take more than a few months for the transportation industry to rebound, but we’re projecting a positive Spring leading into a strong Summer.
HOW ARE PRICES RIGHT NOW?
Pricing data is fluid, so at the time of authorship, here are our favorite indexes:
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WTI Crude $46.51
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Brent Crude $49.91
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Natural Gas $2.65
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Cushing $42.00
Even after the initial spike created by the vaccine announcement, pricing remains on the rebound. It’s the type of Christmas news every owner needed.
WHAT DO WE EXPECT TO SEE IN THE SPRING AS WE WELCOME IN A NEW AND HOPEFUL YEAR?
PIPELINE CONSTRUCTION AND REPAIR
Pipelines are a secure and efficient means of transporting oil and natural gas across the nation.
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