PetroIndex: WTI posted price likely to remain high

11/15/2004
The posted price for West Texas Intermediate crude averaged $42.38/bbl in September, marking the second consecutive month above $40/bbl, said Karr Ingham, president of Economic Reporting, Amarillo, Tex., in a late-October report on third-quarter operations for the Texas Alliance of Energy Producers."The crude oil price environment is clearly the big news of the present as futures prices move into the mid-$50[/bbl] range, and daily posted prices paid to producers have now exceeded $50[/bb] as well," Ingham said in a presentation Oct. 28 in Houston.As of Nov. 5, the December contract for benchmark US light, sweet crudes was down to $49.61/bbl on the New York Mercantile Exchange, while the U...
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