US oil and gas activity edged up in the first quarter, Dallas Fed says
Portfolio Pulse from
The Dallas Fed survey reveals a slight increase in U.S. oil and gas activity during Q1 2025, with companies expressing cautious optimism. Despite rising costs and uncertainty, production continues to climb. Companies forecast WTI oil prices to reach $68 by year-end and potentially $82 by 2030.
March 26, 2025 | 3:45 pm
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NEUTRAL IMPACT
The Energy Select Sector SPDR Fund may experience moderate volatility due to the survey's mixed indicators of slight activity increase and rising uncertainty in the oil and gas sector.
The survey indicates modest sector activity with rising costs and uncertainty, which could lead to neutral short-term price movement for the energy sector ETF.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80