Thomas Finlon

Market Summary: March 6, 2022

Mar 07, 2022

Russia’s invasion of Ukraine caused a historic spike in petroleum prices which registered their largest weekly gains in terms of dollars on record. Accentuating the week was the dangerous seizure of Europe’s largest nuclear power plant in the... more

Market Summary: February 20, 2022

Feb 22, 2022

Petroleum prices fell for the first week in nine as continued tensions on the Russian Ukrainian border which appear to be poised for rapid escalation to an invasion were offset by apparent progress in the ongoing multinational Iranian nuclear... more

Market Summary: February 13, 2022

Feb 14, 2022

Petroleum prices increased for an eighth consecutive week, touching eight year highs as reports released on Friday
afternoon from numerous mainstream media outlets stated that Russia had finalized their decision to invade
Ukraine.... more

Market Summary: February 6, 2022

Feb 07, 2022

Petroleum prices rose for a seventh consecutive week,reaching seven year highs as the price of WTI breached $93. There were a number of influences, virtually all positive, that drove petroleum prices higher. A 30 year high in weather-related... more

Market Summary: January 23, 2022

Jan 24, 2022

Petroleum prices increased for a fifth consecutive week, touching seven-year highs midweek as
dated Brent briefly touched $90 before easing at week’s end on profit-taking as well as a sharp
reduction in equities due to inflation... more

Market Summary: January 16, 2022

Jan 19, 2022

Energy prices increased for a fourth consecutive week, the longest such streak of gains since October.
Reductions in Crude inventories rendering stocks to their lowest levels since October 2018, increasing
demand, diminishing concerns... more

Market Summary: January 9, 2022

Jan 11, 2022

Energy prices rose for a third consecutive week, reaching their highest levels since late November. Strong
demand, growing production issues in Kazakhstan, Libya, Russia, Nigeria, Canada and Angola, OPEC+ inability
to maintain output... more

Market Summary: January 2, 2022

Jan 05, 2022

Energy prices rose again in another holiday abbreviated week. Prices increased despite a dramatic rise in cases of the omicron variant of Covid-19. Increases in petroleum demand were significant and helped define the omicron variant as widespread... more

Market Summary: December 26, 2021

Dec 27, 2021

Petroleum prices increased this week in abbreviated preholiday trading. Prices trended upward in both Crude and refined products despite clear evidence of reduced demand linked to the Omicron variant of Covid-19. Price support was derived from... more

Market Summary: December 19, 2021

Dec 20, 2021

Petroleum prices fell for the seventh week in eight as renewed concerns about the rapid spread of the Omicron variant of the Covid-19 virus, associated expectations of renewed travel and movement restrictions and a stronger dollar based on... more