Diamondback boosts shale output amid Iran conflict, oil prices surge to $120
## Market Snapshot Crude oil price predictions by June are currently priced at 100% YES for hitting $90. Despite Diamondback’s increased shale output, the market remains strongly supportive of a high price scenario. ## Key Takeaways – Diamondback’s decision to raise oil output suggests an attempt to mitigate global shortages caused by the ongoing Iran…
