What is Affecting Oil Prices This Week?

Oil well

Sign up for our weekly commentary on the future of oil prices

Each week, Stratas Advisors provides a look at the key drivers affecting the price of oil. This commentary draws from the collective analyses of the Short Term Outlook service, which comprehensively covers the world’s key benchmark prices and fundamentals for over 50 product types (including crude oil, natural gas, electricity, petrochemicals, and refined products) with nearly 500 individual price and margin forecasts available across all major geographies.

Price volatility is here to stay, making strategic goal-focused corporate planning more important than ever. Amidst an ever-changing commodity landscape, access to timely, actionable analysis is imperative. Sign-up for weekly access to our commentary. 

  • Mar 1, 2021: Growing optimism, growing risks?

    The price of Brent crude oil closed last week at $64.63 after reaching $66.78 on Thursday morning, but was still up for the week by 2.73%.

  • Feb 22, 2021: More developments on the way

    During the last two weeks the price of Brent crude increased by 12.2% and the price WTI increased by 14.4%. Crude prices are now back to the range of the prices for much of 2019.

  • Feb 15, 2021: How high will prices go?

    During the last two weeks the price of Brent crude increased by 12.2% and the price WTI increased by 14.4%. Crude prices are now back to the range of the prices for much of 2019.

  • Feb 8, 2021: A Price Breakout - Now Where?

    Oil prices are now back at a level last seen in January of 2020. In comparison, the price of Brent crude hit a low of $19.33 on April 21, 2020 and was still only at $37.94 on October 30, 2020.

  • Feb 1, 2021: Stuck in Neutral

    The price of Brent crude oil closed last week at $55.88, which continues the recent trend of the price of Brent crude oil slowly creeping upwards.

  • Jan 25, 2021: A New Administration Takes Over

    The price of Brent crude oil closed last week at $55.14, which was up slightly from the previous week’s close of $54.90.

  • Jan 18, 2021: Optimism vs Reality

    The price of Brent crude oil closed last week at $54.90, which was down from the previous week’s close of $55.99.

  • Jan 11, 2021: A Hectic Beginning for a Tumultuous Oil Market in 2021

    The US political arena and the management of the oil markets are poised for interaction, and the resulting dynamics could trigger market volatility that will surpass even that seen last year. The unilateral cut in production taken by Saudi Arabia has the potential to undermine the OPEC+ framework.

  • Jan 4, 2021: Fundamentals vs. Broader Market Factors

    The price of Brent crude oil closed last week at $51.80, which was up slightly from the previous week’s close of $51.29. The price movement aligned with our expectations that oil prices would hold up – even with the ongoing concerns about COVID-19 and the impact on oil demand.

  • Dec 28, 2020: Another round of support

    As we expected, the price of Brent crude oil closed the week lower than the previous week. The price of Brent crude oil closed at $51.29 after closing the prior week at $52.26, which was the first weekly decline since the beginning of November.

Sign-Up for Email Alerts Tell Me More about STO