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.


Wednesday, October 2, 2019

September 2019 Monthly Average Crude Oil Price

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The monthly average U.S.-dollar price of West Texas Intermediate (WTI) crude oil edged up by $2.14 (+3.9%), to $56.95 per barrel in September. The increase occurred within the context of a record-strong U.S. dollar (broad trade-weighted index basis), the lagged impacts of a 138,000 barrel-per-day (BPD) rise in the amount of petroleum products supplied during July (to 20.7 million BPD), and a levelling-off in accumulated oil stocks (September average: 419 million barrels). 
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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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