|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...|
|2/13/2017 - Crude Oil Price Movements |
The OPEC Reference Basket averaged $52.40/b in January, representing a gain of 73cent over the previous month. NYMEX WTI and ICE Brent also saw gains, increasing...
|2/13/2017 - The OPEC Reference Basket (ORB) averaged $52.40/b in January, representing of 1.4% and its highest level in more than a year and a half. This compares with a monthly average of $25/b seen in the same ...|
|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...|