|2/6/2017 - Month-on-month (m-o-m), the ORB ended 2016 nearly 20% higher, or up by $8.45, in December to average above $50/b for the first time in a year-and-a-half. The increase in December was the highest perce...|
|1/18/2017 - Crude Oil Price Movements |
The OPEC Reference Basket jumped nearly 20% in December to $51.67/b, ending above $50/b for the first time in 18 months. In contrast, the Basket’s yearly avera...
|1/18/2017 - The OPEC Reference Basket (ORB) jumped nearly 20% in December to end above $50/b for the first time in a year-and-a-half at $51.67/b as the oil complex surged after the historic joint OPEC and non-OPE...|
|1/11/2017 - Amid increasing oversupply, the market structure of Dubai flipped back to contango, while the contango in both Brent and WTI steepened. The light backwardation seen in the Dubai market structure in Oc...|
|1/3/2017 - In a very volatile month for crude oil, the ORB wiped out almost all its previous month’s gains to end November close to 10% lower. Oil prices trended down sharply a few days after having reached a 15...|
|12/15/2016 - Crude oil futures were volatile over much of November, driven mainly by questions regarding the implementation of the OPEC adjustment agreement. The sharp increase in oil supplies by OPEC and non-OPEC...|
|12/14/2016 - Healthy physical Asian demand flattened the Dubai market’s contango structure, while light-sweet eastern Atlantic basin oversupply widened the Bent contango almost twofold. Consecutive weeks of draws ...|
|12/14/2016 - Crude Oil Price Movements |
Crude oil prices were volatile in November, with the OPEC Reference Basket dropping by 10% to $43.22/b. ICE Brent was down by 8.4% at $47.08/b and NYMEX WTI fell...
|12/14/2016 - November was a volatile month for crude, with the OPEC Reference Basket (ORB) wiping out gains from the previous month to plunge nearly 10% to $43.22/b. Oil prices trended down sharply amid uncertaint...|
|11/29/2016 - Crude oil futures surged, trading at a 12-month-high, as the market reacted to the Algiers Accord. Crude futures returned above $50/b for the first time since late June, before dipping late in the mon...|
|11/21/2016 - The ORB value improved by almost 12% in October, to its highest monthly average since July 2015. It rallied alongside the oil complex starting at the end of the previous month after an OPEC accord was...|
|11/11/2016 - Crude Oil Price Movements|
The OPEC Reference Basket rose by $4.98 in October, to average $47.87/b. ICE Brent and NYMEX WTI also surged, up by $4.15 and $4.71, to average $51.39/b and $49....
|11/11/2016 - The OPEC Reference Basket (ORB) improved substantially in October, rising by almost 12% to $47.87/b, its highest monthly average in 15 months. Alongside the oil complex, the ORB rose compared to the p...|
|10/31/2016 - Both oil futures across the Atlantic edged up in September, being greatly pushed up by a late-month rally in the oil complex. Oil futures had been caught in one of their most volatile couple of weeks ...|
|10/12/2016 - Crude Oil Price Movements|
The OPEC Reference Basket slipped slightly in September to $42.89/b, down 21˘. ICE Brent ended up 8˘ at $47.24/b and NYMEX WTI increased 43˘ to $45.23/b. Crude oi...
|10/12/2016 - Despite the small improvement in global crude oil benchmarks and price differentials for most light sweet components, the OPEC Reference Basket (ORB) slipped slightly in September to $42.89/b, but was...|
|10/12/2016 - Despite the small improvement in all crude oil benchmarks and price differentials for most
light sweet crudes, the ORB ended September slightly lower on average. The reduction in
the Official Sellin...|
|10/5/2016 - M-o-m, the two key oil futures performances were mixed in August as ICE Brent increased slightly, while NYMEX WTI was unchanged. On both sides of the Atlantic, oil futures were mainly supported over t...|
|9/12/2016 - Crude Oil Price Movements|
The OPEC Reference Basket rose 42˘ to $43.10/b in August. ICE Brent ended up 62˘ at $47.16/b, while NYMEX WTI was unchanged at $44.80/b. The Brent/WTI spread wid...
|9/12/2016 - The OPEC Reference Basket recovered slightly in August at $43.10/b, up 42˘ for
the month, and declined around 30% year-on-year.|
Month-on-month, crude futures prices were mixed in August as...