Market Insights

April 25, 2017 • Posted in Market Insights

Week of April 10, 2017

  • Geopolitical risk re-entered the market last week following U.S. strikes in Syria
  • Syrian oil production is negligible but the missile strikes increased tension and may boost support for hardline candidates in Iran’s elections next month
  • U.S. oil inventories rose by 1.57 MM bbl as the U.S. active rig count increased yet again and an increase in U.S. net oil imports offset the impact of higher refinery demand following planned outages
  • The Henry Hub spot natural gas price moved up slightly to $3.21 per mm. BTU

WTI Crude Oil & Brent Crude Oil 04102017

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