Market Insights

July 12, 2016 • Posted in Market Insights

Week of July 11, 2016

 

  • WTI fell sharply last week on weaker-than-expected US demand and an increase in the US rig count.
  • The U.S. jobs report was positive, but concerns over Brexit and a possible reduction in crude demand in Asia weighed on prices.
  • Natural gas prices slipped, with prices falling to $2.76 per MMBtu NYMEX on low demand due to unseasonably cool weather.

 

WTI Crude Oil & Brent Crude Oil 07112016

 

 

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