What is Affecting Oil Prices This Week?

Oil well

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  • Will the Trend Hold?

    The price of Brent crude ended the week at $113.12 after closing the previous week at $122.01. The price of WTI ended the week at $109.16 after closing the previous week $120.67.

  • Demand Remains the Critical Factor

    The price of Brent crude ended the week at 122.01 after closing the previous week at $119.72. The price of WTI ended the week at $120.67 after closing the previous week $118.87. In recent weeks, we have suggested that oil prices would not move significantly higher than $120.00 over the next few months, in part, because our expectation that the supply situation would stabilize, and that global demand growth would remain moderate.

  • More Developments – but how much impact?

    The price of Brent crude ended the week at $119.72 after closing the previous week at $119.43. The price of WTI ended the week at $118.87 after closing the previous week $115.07.

  • How Much Higher?

    The price of Brent crude ended the week at $119.43 after closing the previous week at $112.55. The price of WTI ended the week at $115.07 after closing the previous week $110.28.

  • 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.

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