As oil plows through $45 a barrel, U.S. producers rush to lock in prices

02 May 2016, Houston — U.S. oil producers pounced on this month’s 20 percent rally in crude futures to the highest level since November, locking in better prices for their oil by selling future output and securing an additional lifeline for the years-long downturn. The flurry of dealing kicked off when prices pierced $45 per […] More »