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Home Market Research Business

Permian Basin drilling slowdown should support oil prices, Goldman Sachs says (USO:NYSEARCA)

by TheAdviserMagazine
5 months ago
in Business
Reading Time: 2 mins read
A A
Permian Basin drilling slowdown should support oil prices, Goldman Sachs says (USO:NYSEARCA)
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May 24, 2025 8:05 PM ETUnited States Oil Fund, LP ETF (USO), XLEAES, UCO, FCEL, LEU, HP, GPRE, SSL, DBO, WLK, UUUU, UNG, FCG, USL, UEC, SBSW, SCO, UNL, BNO, LTBR, CTGO, ENPH, BOIL, KOLD, SEDG, GUSH, DRIP, RUN, VVPR, SEI, USOI, CO1:COM, NG1:COM, CL1:COM, UROY, BROG, SLSR, MAXN, TMC, SMR, PPTA, OKLO, FTCI, ASPI, NNE, ELPW, VGBy: Carl Surran, SA News Editor

SlavkoSereda/iStock via Getty Images

A slowdown in drilling activities in the Permian Basin should provide underlying support to crude oil prices, Goldman Sachs said in its most recent energy note this month.

The bank said total U.S. rig and frac spread counts – referring to the number



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Tags: BasinDrillingGoldmanoilPermianPricesSachsslowdownSupportUSONYSEARCA
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