Low Oil Stocks at Cushing, Okla. Have Outsized Influence on Near-Term Crude Prices
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 14 2025
0mins
Source: WSJ
Widening Price Gap: The gap between near-term and future U.S. crude oil prices is increasing due to a decline in oil storage levels at Cushing, Oklahoma, affecting futures contract deliveries.
Cushing's Role: Cushing serves as the delivery hub for West Texas Intermediate (WTI) crude futures traded on the New York Mercantile Exchange, highlighting its significance in the oil market.
Analyst Views on BOKF
Wall Street analysts forecast BOKF stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for BOKF is 121.83 USD with a low forecast of 115.00 USD and a high forecast of 129.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
6 Analyst Rating
1 Buy
5 Hold
0 Sell
Hold
Current: 135.580
Low
115.00
Averages
121.83
High
129.00
Current: 135.580
Low
115.00
Averages
121.83
High
129.00
About BOKF
BOK Financial Corporation is a financial holding company. Through its subsidiaries, the Company provides commercial and consumer banking, brokerage trading, investment and trust services, mortgage origination and servicing, and an electronic funds transfer network. Its holdings include BOKF, NA; BOK Financial Securities, Inc., and BOK Financial Private Wealth, Inc. It offers full-service banking in Oklahoma, Texas, New Mexico, Northwest Arkansas, Colorado, Arizona, and Kansas/Missouri. Its segments include Commercial Banking, Consumer Banking, and Wealth Management. Commercial Banking includes lending, treasury and cash management services, and customer commodity risk management products for small businesses, middle market, and larger commercial customers. Consumer Banking includes retail lending and deposit services, lending and deposit services to small business customers served through the retail branch network and all mortgage loan origination and servicing activities.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
