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Oil holds over $60 a barrel, warming Wyoming outlook

January 26, 2018 in News

Wyoming oil firms are floating on the rising tide of crude prices, where despite expected volatility from day to day, the U.S. benchmark West Texas Intermediate is now double a low point hit two years ago this month.

The price of oil has eclipsed the $60 barrel mark and stayed above that threshold since December, compared to a mid-$40s low hit in June. More recently crude shot to its highest point since 2014 on news that the national stockpile of oil had fallen for the 10th week in a row. The national benchmark closed at $65.51 Thursday.

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