What's Affecting Oil Prices This Week (April 30, 2018)?
Brent prices averaged $74.39/bbl last week, rising $1.53/bbl from the week before.
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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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Brent prices averaged $74.39/bbl last week, rising $1.53/bbl from the week before.
Given the lack of a fundamental basis and the rapid speed of the price rise, Stratas Advisors says the risk of a sharp price correction is rising.
Brent prices averaged $71.27/bbl last week, up $3.43/bbl from the week before.
Brent prices averaged $67.83/bbl last week, down $2.17/bbl from the week before.
Brent prices averaged $70.01/bbl last week, up $1.55/bbl from the week before.
Pace of production will be the key determining factor in price for next two years, but what will that price be?
Brent prices averaged $68.46/bbl last week, up $3.30/bbl from the week before.
In the week since our last edition of What’s Affecting Oil Prices, Brent prices averaged $65.16/bbl last week, up $0.21/bbl from the week before.
This week oil prices will likely remain range-bound, averaging $65/bbl with the Brent-WTI differential remaining about $3.50/bbl.
Brent prices averaged $65.62/bbl last week, losing strength throughout the week on reports of strong U.S. production.
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