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Dallas Fed survey shows U.S. oil and gas output rose in Q3

Crude prices swung from $67 to $107 per barrel in less than three months, complicating producers’ planning.

Reported · Written up by our desk · Energy

U.S. oil and gas production increased in the third quarter, according to a survey of energy firms conducted by the Dallas Fed, the outlet reports. The survey covers companies located or headquartered in Texas and tracks output trends among exploration and production firms.

Oil and gas output rose during the quarter even as crude prices moved sharply, with OilPrice pointing to a rapid swing from $67 to $107 per barrel in under three months.

That volatility has left producers struggling to decide where prices are headed, despite the year’s higher production levels, the outlet said. The article attributes the production uptick to firms surveyed by the Dallas Fed while highlighting how pricing swings are driving uncertainty.

Latest closeWTI crude $90.46 ▲1.2%

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