WOW. I have got so used to checking Brent and WTI, which is updated every 10 minutes on oilprice.org and using that as an indicator of LL (updated on a weekly basis as far as I can tell). I have not noticed that LL had dived to $11.
I assume the current production is to satisfy the hedges of BYE and OEL. That really must be hurting the people on the other side of the hedge.
Ann: Business Update, page-2
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