What is Macro Pulse?

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
Macro Pulse's timely yet in-depth coverage.


Tuesday, November 5, 2013

October 2013 Monthly Average Crude Oil Price

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The monthly average U.S.-dollar price of West Texas Intermediate (WTI) crude oil dropped in October, falling by $5.24 (4.9 percent) to $101.05 per barrel. That price decrease occurred despite a weakening of the dollar and the lagged impacts of a modest increase in consumption of 45,000 barrels per day (BPD) to 19.1 million BPD in August; the price rise also coincided with a noticeable increase in crude stocks. The monthly average price spread between Brent crude (the predominant grade used in Europe) and WTI expanded by $2.88 in October, to $8.19 per barrel. 
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The foregoing comments represent the general economic views and analysis of Delphi Advisors, and are provided solely for the purpose of information, instruction and discourse. They do not constitute a solicitation or recommendation regarding any investment.
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