RECENT ENERGY PRICE DEVELOPMENTS

摘要

Crude oil prices in December traded in a fairly narrow range for much of the month, with a surplus of light, sweet crudes in US and European markets and waning demand for fuel-oil rich heavier grades weighing on Dubai crude. Atlantic basin benchmarks posted modest month-on-month increases while Dubai declined. Spot prices for WTI saw the largest increase, up 1.58 dollars/bbl to an average 88.18 dollars/bbl. A recovery in North Sea supplies in December weighed on spot prices for Dated Brent, up by a smaller 0.24 dollars/bbl to 109.40 dollars/bbl.