ABQ Journal (March 11, 2020) – New Mexico’s oil boom could soon turn to bust after world prices for crude crashed on Monday.
The price for U.S. benchmark West Texas Intermediate bottomed out at $31.13 per barrel when trading closed Monday afternoon, down nearly 25% from $41.28 a barrel last Friday.
Oil Price Drop Stresses New Mexico
Independent Petroleum Association of New Mexico
IPANM Administrative Offices
P.O. Box 6101, Roswell, New Mexico, 88202
Bus. - 575-622-2566 | Fax. - 575-622-2566
Independent Petroleum Association of New Mexico
IPANM Administrative Offices
P.O. Box 6101, Roswell, New Mexico, 88202
Phone 575-622-2566
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