What is Affecting Oil Prices This Week?

Oil well

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  • May 23, 2022: It all Depends on Demand

    The price of Brent crude ended the week at $112.55 after closing the previous week at $111.33. The price of WTI ended the week at $110.28 after closing the previous week at $110.49. The price movements of last week aligned with our expectations that oil prices would drift sideways.

  • May 16, 2022: More Moving Sideways

    The price of Brent crude ended the week at $111.33 after closing the previous week at $112.36. The price of WTI ended the week at $110.49 after closing the previous week at $109.77.

  • May 9, 2022: Uncertain Demand vs Tenuous Supply

    The price of Brent crude ended the week at $112.36 after closing the previous week at $107.22. The price of WTI ended the week at $109.77 after closing the previous week at $104.69.

  • May 2, 2022: Possibility of Price Breakdown

    The price of Brent crude ended the week at $107.22 after closing the previous week at $106.65. The price of WTI ended the week at $104.69 after closing the previous week at $102.07.

  • Apr 25, 2022: More negative than positive

    The price of Brent crude ended the week at $106.65 after closing the previous week at $111.6. The price of WTI ended the week at $102.07 after closing the previous week at $106.54.

  • Apr 18, 2022: Still in the Channel, So Far

    The price of Brent crude ended the week at $111.66 after closing the previous week at $102.78. The price of WTI ended the week at $106.54 after closing the previous week at $98.26.

  • Apr 11, 2022: Increasing Downside Risks

    The price of Brent crude ended the week at $102.78 after closing the previous week at $104.39. The price of WTI ended the week at $98.26 after closing the previous week at $99.42.

  • Apr 4, 2022: Moderating Prices?

    The price of Brent crude ended the week at $104.39 after closing the previous week at $117.37. The price of WTI ended the week at $99.42 after closing the previous week at $113.90.

  • Mar 28, 2022: Market on the Edge

    The price of Brent crude ended the week at $117.37 after closing the previous week at $107.33. The price of WTI ended the week at $113.90 after closing the previous week at $104.70.

  • Mar 21, 2022: Wait and See

    The price of Brent crude ended the week at 107.33 after closing the previous week at $112.67. The price of WTI ended the week at $104.70 after closing the previous week at $109.33.

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