|8/10/2017 - Crude Oil Price Movements |
The OPEC Reference Basket averaged $46.93/b in July, representing a gain of about 4% m-o-m. Y-t-d, the Basket was almost 34% higher at $49.75/b. Oil futures in N...
|8/10/2017 - The OPEC Reference Basket (ORB) recovered in July to $46.93/b, up almost 4% on bullish market fundamentals after two consecutive months of sharp declines. The oil complex rebounded on receding fears o...|
|8/8/2017 - Oil futures in New York and London tumbled in June to become bearish, with ICE Brent settling below the $50/b mark for the first time this year on concerns that rising global supply will counter outpu...|
|7/12/2017 - Crude Oil Price Movements |
The OPEC Reference Basket declined 8.1% in June to $45.21/b. Year-to-date, the ORB value was 38.3% higher at $50.21/b. Crude futures tumbled in a bear market. IC...
|7/12/2017 - The OPEC Reference Basket (ORB) declined in June to $45.21/b, down more than 8% to its lowest value for the year. The oil market witnessed a sell-off amid significant bearish sentiment ignited by exce...|
|7/6/2017 - Oil futures on both sides of the Atlantic tumbled more than 4.5% m-o-m to their lowest value since November 2016. This was due to plentiful supplies, especially in the US where output continued its up...|
|6/13/2017 - Crude Oil Price Movements|
The OPEC Reference Basket fell 4.2% in May to average $49.20/b. Crude futures prices tumbled as supply continue to be plentiful with US output continuing its upw...
|6/13/2017 - The OPEC Reference Basket (ORB) averaged $49.20/b in May, down more than 4% from April to sit at its
lowest value for the year. The oil market was range bound and bearish for most of the month, despi...|
|6/7/2017 - Oil futures on both sides of the Atlantic recovered, m-o-m, but their upward potential is still limited by a resurgence of shale and other oil output. Pressure continues to come from a bearish unbalan...|
|5/28/2017 - The ORB ended the month slightly more than 2% higher on a monthly average basis, supported by a shortlived oil complex rally earlier in the month on increasing expectations that OPEC and non-OPEC volu...|
|5/11/2017 - Crude Oil Price Movements|
The OPEC Reference Basket rose 2.0% in April to average $51.34/b. Crude oil futures recovered on the high conformity by OPEC and non-OPEC with voluntary producti...
|5/11/2017 - The OPEC Reference Basket (ORB) rebounded more than 2% in April to a monthly average of $51.34/b.
Most of the uplift occurred earlier in the month on increasing expectations that voluntary OPEC and
|4/26/2017 - For the first time this year, oil futures on both sides of the Atlantic were down m-o-m, but were up sharply for the quarter and the year. Both fell to their lowest monthly value since November 2016. ...|
|4/12/2017 - Crude Oil Price Movements|
The OPEC Reference Basket averaged $50.32/b in March, representing a decline of 5.7% from the previous month. Crude futures also declined on concerns about growi...
|4/12/2017 - After three consecutive months of significant gains, the OPEC Reference Basket ended March 5.7% lower at $50.32/b, on the back of rising crude oil production and crude inventories. Nevertheless, it en...|
|4/11/2017 - The ORB ended the month of February gaining for the third consecutive month, with support coming from the continued positive market momentum that started at the end of last year when OPEC and Non-OPEC...|
|4/2/2017 - Oil futures on both sides of the Atlantic were up m-o-m to their highest levels in more than a year-and-a-half. Oil futures have continued to trade in a relatively narrow range for two months now, wit...|
|3/14/2017 - Crude Oil Price Movements |
The OPEC Reference Basket rose in February for the third consecutive month, ending up about 2% to average $53.37/b. Crude futures, traded in a relatively narrow ...
|3/14/2017 - The OPEC Reference Basket (ORB) ended about 2% up at $53.37/b in February for the third consecutive month, with support garnered from the ongoing positive market sentiment initiated at the end of last...|
|2/26/2017 - The ORB started the year twofold higher than in the same month last year, averaging more than $52/b compared to a little above $25/b in January 2016. M-o-m, the ORB ended January less than 1% higher f...|