|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...|
|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...