Market Insights

September 15, 2015 • Posted in Market Insights

Energy / Economy Overview

  • Oil prices continued trending down last week with WTI dropping more than Brent
  • IHS predicts WTI prices will average below $40/bbl until March 2016
  • Goldman Sachs projected that the worst-case scenario could take prices as low as $20/bbl before the current supply glut is cleared
  • US finished goods prices (other than for energy and food) are under downward pressure from the strong dollar both because of falling prices for imported goods and falling raw materials prices for US producers
  • Retail margins are firming as the cost of the goods fall faster than retail prices
  • Prices for services are nudging higher
  • This situation should continue to hold for the balance of 2015
  • Polypropylene supplies remain tight; polyethylene supply and demand appears to be stabilizing 

WTI Crude Oil & Brent Crude Oil 09142015

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