Yahoo Finance
•79% Informative
US crude oil prices have jumped above $90 per barrel for the first time since last November .
WTI benchmark price is up 40% from the low point it hit in March of this year and shows a total year-to-date gain of 13.5% .
The rising prices are commonly attributed to the general spike in the global crude price, stemming from decisions by Russia and Saudi Arabia to extend production cuts through this year .
In the second quarter of this year , Diamondback achieved a daily average production of 449,912 barrels of oil equivalent.
The company repurchased $321 million worth of common shares as part of a $473 million total capital return program.
The Q2 dividend, paid on August 17 , amounted to 84 cents per common share, annualizing to $ 3.36 and yielding 2.1% ..
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