OIL PRICES 2018 - 19: $71 - $66

EIA - Oil & Gas Prices

Brent crude oil spot prices averaged $72 per barrel (b) in April, an increase of $6/b from the March level and the first time monthly Brent crude oil prices have averaged more than $70/b since November 2014. EIA forecasts Brent spot prices will average $71/b in 2018 and $66/b in 2019, which are $7/b and $3/b higher, respectively, than in the April STEO. EIA expects West Texas Intermediate (WTI) crude oil prices to average $5/b lower than Brent prices in both 2018 and 2019. NYMEX WTI futures and options contract values for August 2018 delivery traded during the five-day period ending May 3, 2018, suggest a range of $54/b to $84/b encompasses the market expectation for August 2018 WTI prices at the 95% confidence level.

EIA expects Henry Hub natural gas spot prices to average $3.01/million British thermal units (MMBtu) in 2018 and $3.11/MMBtu in 2019. NYMEX futures and options contract values for August 2018 delivery that traded during the five-day period ending May 3, 2018, suggest that a range of $2.32/MMBtu to $3.40/MMBtu encompasses the market expectation for August 2018 Henry Hub natural gas prices at the 95% confidence level.

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Earlier: 

2018, May, 8, 11:00:00 OIL PRICE: ABOVE $75 YET REUTERS - U.S. crude futures last traded at $70.11 per barrel, down 0.9 percent from Monday’s settlement price. Global benchmark Brent crude futures stood at $75.64 per barrel, down 0.7 percent, having risen as high as $76.34 on Monday.

2018, May, 7, 08:50:00 OIL PRICE: ABOVE $75 REUTERS - Brent crude oil futures were at $75.71 per barrel, up 84 cents, or 1.12 percent from their last close at 0416 GMT after climbing to $75.89 a barrel earlier in the session, its highest since November 2014. U.S. West Texas Intermediate (WTI) crude futures rose 0.95 percent to trade at $70.39 per barrel, up 66 cents from their last settlement.

2018, May, 7, 08:45:00 ЦЕНА URALS: $ 66,15 МИНФИН РОССИИ - Средняя цена нефти марки Urals по итогам января – апреля 2018 года составила $ 66,15 за баррель. В 2017 году средняя цена на Urals в январе – апреле составила $ 51,84 за баррель. Средняя цена на нефть марки Urals в апреле 2018 года сложилась в размере $ 69,08 за баррель, что в 1,35 раза выше, чем в апреле 2017 года ($ 51,11 за баррель).

2018, May, 7, 08:35:00 IRAN NEEDS REASONABLE PRICE SHANA - Iranian Minister of Petroleum Bijan Zangeneh said Tehran preferred "reasonable" price for crude oil in a bid to avoid market instability.

2018, May, 4, 15:40:00 OIL PRICE: NOT ABOVE $74 YET REUTERS - Brent crude oil futures LCOc1 were up 31 cents at $73.44 a barrel by 0900 GMT, after falling nearly 3 percent on Tuesday to its lowest in two weeks. U.S. West Texas Intermediate (WTI) crude futures rose 50 cents to $67.75 per barrel.

2018, May, 4, 15:30:00 SAUDIS NEED $88 BLOOMBERG - The IMF bolstered its estimate for the oil price the kingdom needs to balance the national budget this year to $88 a barrel, 26 percent more than an assessment made in October.

2018, May, 2, 13:35:00 OIL PRICE: NOT ABOVE $74 ANEW REUTERS - Brent crude oil futures LCOc1 were up 31 cents at $73.44 a barrel by 0900 GMT, after falling nearly 3 percent on Tuesday to its lowest in two weeks. U.S. West Texas Intermediate (WTI) crude futures rose 50 cents to $67.75 per barrel.