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Review March 15, 2010
Download Full PDF 1. Prices and Production Oil prices spent the week in the vicinity of $82 a barrel. On Friday prices rose briefly to a two-month high of $83.16, then fell back on concerns about US economic growth. For the past six months, the oil markets have cycled between optimism and pessimism about the
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Review March 8, 2010
Download Full PDF 1. Prices and Production Oil prices rose steadily last week closing on Friday at $81.50 after touching a high above $82. Prices have yet to regain the 2010 high of $83.95 reached on January 11th. The dollar’s reaction to the EU sovereign debt crisis, Beijing’s announcement that
Review March 1, 2010
Download Full PDF 1. Prices and Production After two weeks of increasing prices which brought oil from $70 a barrel to the vicinity of $80, last week was rather quiet with oil gyrating between $78 and $80 in response to the latest reports. As has become normal recently, increased Chinese demand for oil was offset
Review February 22, 2010
Download Full PDF 1. Prices and Production Oil prices have moved up steadily for two weeks, rising by almost $10 a barrel, and now are back in the vicinity of $80. A potpourri of developments is behind the move, including a fluctuating dollar, a small increase in US discount rates and lower inflation, the
Review February 15, 2010
Download Full PDF 1. Prices and Production Oil prices rose modestly last week on conflicting news. The week began with a strengthening US dollar, colder weather in the US, and increasing tensions with Iran all contributing to higher prices. By week’s end, however, lower US demand, concerns about China’s
Review February 8, 2010
Download Full PDF 1. Prices and Production It was a volatile week with oil prices opening around $73 a barrel, climbing to touch $78 on Wednesday and then falling on Thursday and Friday to below $70 a barrel before closing at $71.19. As the week opened, reports of increasing Chinese economic growth,
Review February 1, 2010
Download Full PDF 1. Prices and Production Crude oil prices dropped 8.2 percent, nearly $10 a barrel, in January to close on Friday at $72.89 a barrel. Continuing weakness in US demand, financial troubles in Greece, Spain, and Portugal resulting in a stronger US dollar, and reduced expectations that China will soon be leading a global economic recovery
Review January 25, 2010
Download Full PDF 1. Prices and Production Oil prices have now fallen by $10 a barrel from a recent high above $84 reached the week before last to close on Friday at $74.54. The usual factors of falling OECD demand, prospects for warmer weather in some regions, a stronger dollar, weaker equity markets, lower
Review January 18, 2010
Download Full PDF 1. Prices and Production Oil prices fell steadily last week. After touching a high of nearly $84 a barrel on Monday crude closed at $78 on Friday due to warmer weather, a stronger dollar, rising US inventories, and more bad economic news in the US and EU. For now, reports of a rapidly
Review January 11, 2010
Download Full PDF 1. Prices and Production An outbreak of very cold arctic air across much of the northern hemisphere was the main energy price driver last week. The unusual weather air brought extensive snows from the middle of the US across Europe to northern China, causing a jump in the demand for heating
