Oil price floor likely rising to $70/bbl, ConocoPhillips chairman says

source: news (news:seeking-alpha)published 2026-10-06 00:22ingested 2026-10-06 02:56

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Energy

Oil price floor likely rising to $70/bbl, ConocoPhillips chairman says

Oct 05, 2026, 8:22 PM ETConocoPhillips (COP) StockBy : Carl Surran, SA News Editor

The global oil system bent but did not break from the Middle East war, but the oil price floor ‌likely will rise to ~$70/bbl with a mid-cycle price of $65-$70 for the U.S. WTI crude benchmark, ConocoPhillips (COP) Executive

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