Dallas Survey: The Oil & Gas Outlook Is Finally Improving

After a grim year, the latest Dallas Fed Energy Survey has revealed that the oil and gas outlook is finally brightening. According to the business activity index, the survey’s activity in Dallas’ energy sector increased from -5.9 in the third quarter to 6.0 in the fourth quarter. The company outlook index increased 19 points from -12.1 to 7.1, suggesting mild optimism among oil and gas companies while the outlook uncertainty index declined 26 points to 22.4. However, the oil production index declined from 7.9 in the third quarter to…