July 7, 2025--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--A majority of the executives surveyed by the Federal Reserve Bank of Dallas said they expected to see production declines amid a lower-for-longer price outlook. West Texas Intermediate (WTI), the U.S. benchmark for the price of crude oil, was trading at around $67 per barrel early Thursday, ahead of the long holiday weekend. Prices have enjoyed something of a premium lately, riding geopolitical risk during the Israeli-Iranian conflict and market optimism over a major U.S. spending bill.
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