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, February 4, 2014

January 2014 Monthly Average Crude Oil Price

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The monthly average U.S.-dollar price of West Texas Intermediate (WTI) crude oil retreated by $3.62 (3.7 percent) in January, falling to $94.06 per barrel. That price decrease coincided with a slightly stronger U.S. dollar, the lagged impacts of an increase in oil supplied -- +140,000 barrels per day (BPD) to 19.4 million BPD -- in November, and no appreciable change in crude stocks. The monthly average price spread between Brent crude (the predominant grade used in Europe) and WTI widened by $0.83 in January, to $13.94 per barrel.
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ASPO-USA attributed the recent price increases of near-term contracts to cold weather. 
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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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