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    Environment and Energy

    Oil and Gas Prices and Rotary Rig Counts in July 2015

    Written by Peter Wright


    Figure 1 shows historical gas and oil prices since January 2000. The daily spot price of West Texas Intermediate fell below $100/barrel in August and by January 23rd was down to $44.80. By June 15th, the price of WTI had recovered to $59.53. In the last 30 days through July 13th WTI has declined again to $52.19, the latest daily figure available from the Energy Information Administration (EIA). Brent closed at $57.63 on the same day.

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