Quote Originally Posted by Jamnanc View Post
$65. Just a random figure, but it's also the price point where American production spools back up.
Most all of the producers I work with would be spooling back up much harder than current at $65/bbl.

That said, the OPEC production cut has changed the near future pretty remarkably already (1 week). I'm getting swamped with requests for quotes, when we couldn't even get call backs a month ago.

I'm happy with $50, but would LOVE $65/bbl.