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Macro Pulse highlights recent activity and events expected to affect the U.S. economy over the next 24 months. While the review is of the entire U.S. economy its particular focus is on developments affecting the Forest Products industry. Everyone with a stake in any level of the sector can benefit from
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Monday, August 1, 2011

July 2011 Monthly Average Crude Oil Price

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The monthly average U.S.-dollar price of West Texas Intermediate crude oil eked out a slight gain, rising by $0.90 (0.9 percent) to $97.19 per barrel. That gain coincided with a weaker dollar and a modest drop-off in crude stocks during July, but occurred despite a decrease in consumption of 250,000 barrels per day (BPD) -- to 18.4 million BPD -- during May.
 
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