OilPrice.com | What Happens When Oil Hits $50? OilPrice.com The major beneficiary of the 54 percent jump in oil prices from the lows of $26 per barrel is the U.S. shale oil industry, which will utilize this rise to ramp up production and repair balance sheets. But any move above $45 per barrel will likely ... Commentary: In geopolitical conflict and oil Round 1 all parties score point Opec pushes for commitment to oil production freeze ahead of meeting What to expect as oil gets dearer |