Market Insights

January 12, 2016 • Posted in Market Insights

Week of January 11, 2016

  • Crude prices fell roughly $4/bbl vs. last week on continued over production and continuing concerns regarding the current economic weakness in China and the impact on global stock markets
  • Escalating tensions between Iran and Saudi Arabia are providing a further obstacle to OPEC reaching any consensus around reducing output to put a floor under oil prices
  • Natural gas prices increased slightly based on a larger-than-expected draw due to the cold weather

 

WTI Crude Oil & Brent Crude Oil 01112016

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