What's Affecting Oil Prices This Week?

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  • What's Affecting Oil Prices the Week of October 14, 2019?

    Crude oil prices were generally steady week-on-week due to a price spike at the end of last week. Brent increased $0.23/bbl to average $58.92/bbl while WTI increased $0.15/bbl to average $53.27/bbl. For the week ahead, we expect Brent to average $58/bbl as enthusiasm about a trade deal wanes.

  • What's Affecting Oil Prices the Week of October 07, 2019?

    Brent continued to drop last week, falling $4.29/bbl to average $58.70/bbl. WTI fell $3.82/bbl to average $53.12/bbl. Clearly negative momentum is carrying the day, and based on technical indicators there is still more room to fall. For the week ahead we expect Brent to average $58/bbl.

  • What's Affecting Oil Prices the Week of September 30, 2019?

    On a weekly average basis, Brent and WTI both increased last week, although Brent saw slightly more support. Brent increased $3.89/bbl to average $65.17/bbl last week. WTI increased $3.13/bbl last week to average $59.31/bbl. For the week ahead we expect Brent to average $64.50/bbl as a geopolitical price premium remains in place.

  • What's Affecting Oil Prices the Week of September 23, 2019?

    On a weekly average basis, Brent and WTI both increased last week, although Brent saw slightly more support. Brent increased $3.89/bbl to average $65.17/bbl last week. WTI increased $3.13/bbl last week to average $59.31/bbl. For the week ahead we expect Brent to average $64.50/bbl as a geopolitical price premium remains in place.

  • What's Affecting Oil Prices the Week of September 20, 2019?

    Brent crude ended the week at $64.29/bbl, $7.66/bbl lower than its high of $71.95 reached on Monday. For the week, Brent spot prices ended up averaging approximately $65.17/bbl, roughly a dollar above our Monday morning forecast. Intraday spreads tightened throughout the week as volatility due to concerns about supply and a potential military response abated.

  • What's Affecting Oil Prices the Week of September 16, 2019?

    Stratas Advisors expects Brent to average $64/bbl this week and for WTI to average closer to $58/bbl, but these prices are subject to a broad band of possibilities based on damage assessments and political developments.

  • What's Affecting Oil Prices the Week of September 09, 2019?

    For the week ahead we expect momentum to continue, with Brent averaging $61.50/bbl. We foresee the potential for weakness in the latter half of the week based on the results of the US crude and product stock report and also the release of the IEA’s latest Monthly Oil Market Report.

  • What's Affecting Oil Prices the Week of August 26, 2019?

    For the week ahead we expect Brent to continue weakening, averaging $59/bbl.

  • What's Affecting Oil Prices the Week of August 19, 2019?

    For the week ahead we expect Brent to remain weak, averaging $60/bbl.

  • What's Affecting Oil Prices the Week of August 12, 2019?

    Brent prices were cautiously recovering last week until Thursday, when US President Donald Trump announced plans for expanded tariffs against China.

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