CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

ConocoPhillips sees oil price floor rising to $70 a barrel, chairman says

By Reuters News09:32 (UTC), 5 October 2026 Updated

Oct 5 (Reuters) - ConocoPhillips COP.N Chairman Ryan Lance expects the oil price floor to rise to around $70 per barrel and sees a mid-cycle price of $65-$70 per barrel for the US West Texas Intermediate crude benchmark, he told the Energy Intelligence conference in London on Monday.

US oil production could exceed 14 million to 14.5 million barrels per day if oil prices remain around current levels, Lance added.

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.