What's Affecting Oil Price
Brent and WTI price changes have started to stagnate, lending some much needed stability to prices.
For the week ahead, Stratas Advisors expect Brent to average $61.
2018 was a volatile year, in which crude and product prices rose but also whipsawed on evolving market concerns.
Oil prices committed to recovery in 2018 although volatility remained.
Brent rose $1.88/bbl last week to average $61.41/bbl. WTI rose $1.47/bbl last week to average $52.64/bbl.
Brent fell $3.31/bbl last week to average $59.53/bbl. WTI fell $2.64/bbl to average $51.17/bbl.
Brent fell $4.18/bbl last week to average $62.84/bbl. WTI fell $3.15/bbl to average $53.81/bbl.
Stratas Advisors expect Brent oil prices to average $66 a barrel this week, partly benefiting from a slow trading week in the U.S. due to the Thanksgiving holiday.
Brent fell $3.25/bbl last week to average $71.64/bbl.
Brent fell $2.50/bbl last week to average $74.89, right in line with our expectations. WTI fell $2.40/bbl to average $65.07.