What is Affecting Oil Prices This Week?

Oil well

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  • Waiting on the news

    The price of Brent crude ended the week at $74.99 after closing the previous week at $72.97. The price of WTI ended the week at $69.25 after closing the previous week at $66.74.

  • Uncertainty Remains

    The price of Brent crude ended the week at $72.97 after closing the previous week at $82.78. The price of WTI ended the week at $66.74 after closing the previous week at $76.68. The significant decline in crude prices was the reaction to the collapse of Silicon Valley Bank (SVB) and the concerns about the stability of the financial sector.

  • It is never just supply and demand

    The price of Brent crude ended the week at $82.78 after closing the previous week at $85.83. The price of WTI ended the week at $76.68 after closing the previous week at $79.68.

  • Still calm for now

    The price of Brent crude ended the week at $85.83 after closing the previous week at $83.16. The price of WTI ended the week at $79.68 after closing the previous week at $76.32.

  • Lull Before the Storm?

    The price of Brent crude ended the week at $83.16 after closing the previous week at $83.00. The price of WTI ended the week at $76.32 after closing the previous week at $76.34.

  • Economic risks waning while geopolitical risks increase

    The price of Brent crude ended the week at $83.00 after closing the previous week at $86.39. The price of WTI ended the week at $76.34 after closing the previous week at $79.72.

  • No Surprises, So Far

    The price of Brent crude ended the week at $86.39 after closing the previous week at 79.94. The price of WTI ended the week at $79.72 after closing the previous week at $73.39.

  • Back to the Floor

    The price of Brent crude ended the week at $79.94 after closing the previous week at $86.66. The price of WTI ended the week at $73.39 after closing the previous week at $79.68.

  • Balanced market, but obvious risks

    The price of Brent crude ended the week at $86.66 after closing the previous week at $87.63. The price of WTI ended the week at $79.68 after closing the previous week at $81.64.

  • More Upside?

    The price of Brent crude ended the week at $87.63 after closing the previous week at $85.28. The price of WTI ended the week at $81.64 after closing the previous week at $79.86.

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