# U.S. shale producers lock in future sales as oil prices rise to one-year high

> US crude futures rose above $50 a barrel in January, reaching their highest level since February. Shale producers are using futures markets to lock in higher sale prices rather than ramping up output.

- Date: 2021-01-15 · published 2021-01-15T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/49316-u-s-shale-producers-lock-in-future-sales-as-oil-prices-rise-to-one-year-high
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Hedging rather than drilling means US supply growth will stay restrained, which supports crude prices and the energy input costs that matter to feed buyers.

## Read by commodity

- WTI: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/business/energy/us-shale-producers-lock-future-sales-oil-prices-rise-one-year-high-2021-01-15/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.