April 2015 – Crude Oil Brent vs. WTI: Prompt-Month Contract (NYMEX)


April 2015 – Crude Oil Brent vs. WTI: Prompt-Month Contract (NYMEX)

According to data from NYMEX, crude oil prices for NYMEX prompt-month contracts for Brent and WTI declined during April 2015. The prices of WTI and Brent had both increased by 10% and 3%, respectively, since March 2015after a drop in stockpiles at the delivery point for US crude on April 20, 2015 outweighed pressure from near record-high production in Saudi Arabia. (Reuters)

The prompt-month contract for Texas light sweet increased by 10% from the previous month to 53 USD/Bbl, while Brent prices increased by 3% to settle at 59 USD/Bbl. The past twelve-month averages for WTI and Brent are 78 USD/Bbl and 84 USD/Bbl respectively.

The spread between WTI and Brent (represented by the purple area in the graph above) has narrowed slightly since March 2015. Even though the spread has slightly declined in the past several weeks, it is still up from the very low levels it reached earlier this year, and sat at 6 USD/Bbl in April 2015, which is the same as the last 12-month average.

Oil has staged a timid recovery and is currently traded at around 63 USD/Bbl, up 36% since reaching its year low in early January 2015.A glut in the global supply of oil, alongside decreased global demand, pushed oil as low as 45 USD/Bbl in January 2015, down from around 106 USD/Bblin June 2014.

Data Sources: CME, NYMEX


Next
Next

More Articles on Monthly Market Analysis

Introduction of new products and data sources March 2016 Crude Oil Brent vs. WTI Forward Curve (NYMEX)

The ZEMA graph shows March 2016 Brent and WTI forward curves in comparison to the previous month’s forward curves, based on NYMEX average settle prices. Units are in ... Read more »

Data Sources: NYMEX

Introduction of new products and data sources January – March 2016 North American Electricity Day-Ahead Prices (ICE)

The ZEMA graph shows day-ahead peak electricity prices for January – March 2016, as reported by ICE. The red line represents CAISO SP15, the green line is PJM APS Zone, ... Read more »

Introduction of new products and data sources January – March 2016 North American Natural Gas Spot Prices (NYMEX)

The ZEMA graph shows the North American natural gas spot prices on NYMEX for Henry Hub, Transco Zone 6, PG&E Citygate, and Chicago Citygates for January 2016. Units ... Read more »

Introduction of new products and data sources March 2016 Henry Hub Natural Gas Forward Curve (NYMEX)

The ZEMA graph shows the spread between March 2016 Henry Hub natural gas forward curve and February 2016 forward curve, based on average monthly settle prices on NYMEX. ... Read more »

Introduction of new products and data sources January – March 2016 North American Daily Temperature (AccuWeather)

The ZEMA graph shows daily temperatures for January – March 2016, according to AccuWeather, for San Diego (red line), Chicago (green line), San Antonio (black line), and New York City ... Read more »

Data Sources: AccuWeather

Introduction of new products and data sources January – March 2016 Gold and Silver Daily Prices (CME)

The ZEMA graph shows gold and silver daily prices as traded on CME in January – March 2016. The orange line represents COMEX 100 Gold (USC/toz), the blue ... Read more »

Introduction of new products and data sources February 2016 – Gold and Silver Daily Prices (CME)

The ZEMA graph above shows gold and silver daily prices with moving averages on CME over the last two months. The orange line represents COMEX 100 Gold (USC/toz), ... Read more »

Introduction of new products and data sources February 2016 – Daily Temperature (AccuWeather)

The ZEMA graph above shows daily temperatures according to AccuWeather for San Diego (red line), Chicago (green line), San Antonio (black line), and New York City (blue line) between August ... Read more »

Introduction of new products and data sources February 2016 – Electricity: Day-Ahead Prices (ICE)

The ZEMA graph above shows day-ahead peak electricity prices in February 2016, as reported by ICE. The red line represents CAISO SP15, the green line represents PJM APS Zone, the ... Read more »

Introduction of new products and data sources February 2016 – Monthly Temperature (AccuWeather)

The ZEMA graph above shows average monthly temperatures according to AccuWeather for San Diego (red line), Chicago (green line), San Antonio (black line), and New York City (blue line). The ... Read more »

 

Page 1 of 2312345...1020...Last »