Devon Energy sees US crude oil at $60-$80 per barrel for foreseeable future
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Devon Energy's CEO predicts that U.S. West Texas Intermediate (WTI) crude oil prices will remain between $60-$80 per barrel for the foreseeable future, as stated at an energy conference in Dallas.
November 13, 2024 | 10:45 pm
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Devon Energy's CEO forecasts stable U.S. WTI crude oil prices between $60-$80 per barrel, which could indicate steady revenue expectations for the company.
The forecast of stable oil prices suggests that Devon Energy may experience steady revenue, as oil prices are a significant factor in the company's earnings. This stability could positively impact investor sentiment and the stock price in the short term.
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