What's Affecting Oil Prices This Week (February 3, 2020)?
For the week ahead, Stratas Advisors expect weakness to persist with Brent averaging potentially below $55/bbl.
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Ashley Petersen is the Lead Oil Market Analyst at Stratas Advisors, a global consulting and analytics provider for all facets of the oil and gas markets and related industries. Ashley has over 5 years’ experience analyzing crude oil markets with an emphasis on Atlantic Basin fundamentals. She is currently the lead oil analyst for Stratas’ Short-Term Price Outlook Service for crude oil, which combines market fundamentals, geopolitics and Stratas’ own economic forecast tools to build an integrated, data-driven outlook on key energy markers over the next eight quarters.
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For the week ahead, Stratas Advisors expect weakness to persist with Brent averaging potentially below $55/bbl.
For the week ahead, Stratas Advisors expect Brent to continue to struggle, likely averaging close to $60/bbl.
For the week ahead, Stratas Advisors expect Brent to continue drifting lower, likely averaging $63.50/bbl.
For the week ahead, Stratas Advisors expect prices to be generally range-bound, supported by the upcoming signing of the U.S.-China Phase One trade deal.
Stratas Advisors expect Brent to average close to $69/bbl in the week ahead as both Iran and the U.S. evaluate next steps.
For the week ahead, Stratas Advisors foresee more strength pushed by the U.S.-China phase one agreement announced on Friday.
Brent will likely drift slightly lower this week from Friday’s levels, averaging at least $63.50/bbl.
For the week ahead, Stratas Advisors expect volatile prices in light of the OPEC+ meeting.
For the week ahead, Stratas Advisors expect this range-bound activity to persist, especially in light of the shorter trading week in the United States.
The next few weeks are likely to be relatively calm with most participants awaiting official news on U.S.-China and OPEC+.
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