oil price predictions end of 2011 : However, EIA has raised its 2011 forecast for WTI by only $9 per barrel to $102 ... EIA projects a further small increase in crude oil prices in 2012, .... high 57 days at the end of 2010 to 55 days by the end of 2011, ...
Crude oil prices Monthly outlook –April 2011
The energy market presented many fluctuations during March. I will shortly present the main characteristics of crude oil prices (WTI and Brent oil) during March, and will ask what will be next for crude oil prices in April 2011? The month of March closed with WTI spot oil prices rising by 7.1%, and Brent oil price increasing by 3.4%. As seen in the chart below, Brent oil and WTI presented an upward trend in the past six months and a drastic prices hike from the end of February 2011. Read More
Crude Oil Price Forecast 2011
Benchmark U.S. crude oil will on average cost $79.83 a barrel in 2010, up from the previous outlook for $78.67 a barrel, the agency said. Prices are seen increasing from an average $77 a barrel in the first quarter of 2010 to $85 a barrel by the fourth quarter of 2011. In 2011, prices will average $83.50 a barrel, the agency said.Gasoline prices are expected to average $2.84 a gallon this year, up 1 cent from the previous forecast, while diesel prices are seen averaging $2.98 a gallon this year, up 2 cents from last month's outlook. In 2011, gasoline is seen averaging $2.96 a gallon and diesel $3.14 a gallon. Read More
Oil price predictions: What next?
The price of Brent Crude oil reached a 30-month high of $120 this week , the highest level since August 2008, while US crude (WTI) touched $108.78, also a two-and-a-half year high.Despite comments from Saudi Arabian and Kuwaiti officials supporting a price drop, Iran's oil minister said there was no need to call an emergency meeting to give resource-hungry nations some respite.Iran holds the rotating presidency of OPEC, the cartel of oil-rich countries that between them export some 40% of the world's petroleum supply. Read More
Crude oil prices forecast for 6 April 2011
Crude oil prices didn’t do much yesterday and there is still little changes in Brent and WTI oil prices. The premium of Brent oil over WTI remains around the 10-14$/b as it did in recent weeks. Will this apparent ease in oil market continue? Today the EIA will publish its weekly report on petroleum stocks: The current speculations are that US crude oil stocks will rise by 0.3%, compare to previous week. In the previous weekly report US petroleum stocks rose for the first time since the week of February 4th 2011 by 0.2%, an increase of 3.3 million barrels of crude oil to reach 1,768 million barrels. Read More
Categories:
Oil Price
