What's Affecting Oil Price
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.
Bolsonaro’s victory in Brazil pleases markets but uncertainty abounds.
Brent fell $2.28/bbl last week to average $80.26/bbl. WTI fell $2.70/bbl to average $70.24/bbl.
The industry will have an even lower than expected ceiling on the level of working gas storage at the start of the heating season.
Brent and WTI have backed off recent highs. Brent fell $2.42/bbl last week to average $82.54/bbl.