Oil market recovery drives more US drilling

By William Clarke
Published: Tuesday, 09 February 2021

The rate of oilfield activity in the United States continues to rise, with the markets recovering from the sharp decline in prices resulting from the Covid-19 pandemic.

The price of the benchmark West Texas Intermediate crude oil was nearly $58 per barrel in early February 2021, the highest in more than a year.

This marked a full recovery from the sharp oil price slump of 2020, which was driven by...

This is a preview of the full article

Our market news and price data is reserved for registered users only.

Current customer? Login now

All of our industrial minerals price data and news is now available only through our new platform. Learn more about the intelligence we offer by visiting our Fastmarkets flagship website. If you are familiar with our reliable and trusted intelligence, fill out a request a quote form today to hear from our friendly sales staff who will create a custom license for you.


Interested in lithium prices? We now offer lithium prices and coverage free for reference. Click here to read all about it.

Interested in the wider electrification market?
Join our growing community of participants who want to learn more about electrification and how this market is developing.