Our view: Rebound in oil prices benefits producers

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Our view: Rebound in oil prices benefits producers

By Editorial board and Henry Dubroff / Friday, May 11th, 2018 / Comments Off on Our view: Rebound in oil prices benefits producers

The Trump administration’s decision to walk away from the six-nation deal to curb Iran’s nuclear ambitions has given the Tri-Counties’ oil and gas industry an unexpected boost. Oil prices soared more than $2 per barrel to $71 on May 9 amid concerns that new sanctions would mean the withdrawal of Iran oil from the marketplace,…

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