April 10, 2026–Written by Daniel Graeber for IIR News Intelligence (Sugar Land, Texas)–Oil priced at $87 per barrel by 2050 leads to a slight decline in crude oil production in the United States as prime drilling acreage diminishes, though domestic natural gas is primed for expansion, the federal government said.
The price for Brent crude, the global benchmark for the price of oil, was trading near $98 per barrel early Thursday amid questions about the durability of a cease-fire agreement in the Middle East. Brent had moved close to $120 per barrel during the height of the conflict.
