From Nasdaq: 2025-01-02 12:41:59

In the fourth quarter, oil and gas companies in the Eleventh District showed optimism as business activity increased, according to a survey by the Dallas Federal Reserve Bank. The business activity index rose to 6.0 from -5.9, with a positive company outlook index and decreased uncertainty. Executives reported mixed oil and gas production, and input costs remained stable. Employment saw little change, with expectations of a WTI oil price of $71 per barrel by 2025. Respondents also anticipate a Henry Hub natural gas price of $3.19 per MMBtu by 2025. Spot prices averaged $70.66 per barrel for WTI and $3.04 per MMBtu for Henry Hub.



Read more at Nasdaq: Dallas Fed Survey Reveals Mild Optimism Among Energy Firms