Thomas Finlon

Market Summary: December 11, 2021

Dec 13, 2021

Increasing confidence in the containment and treatment of the Omicron variant of the Covid-19 virus thus easing demand reduction concerns as well as strong inflationary pressures helped propel petroleum prices to their first weekly gain in seven... more

Market Summary: December 4, 2021

Dec 06, 2021

Petroleum prices fell for a sixth consecutive week, the longest such streak of weekly losses since November 2018. Expected reduction in global petroleum demand due to the emergence of the Omicron variant of Covid-19 and the decision of OPEC+ to... more

Market Summary: November 28, 2021

Nov 29, 2021

The discovery of a new Covid strain slammed petroleum prices on Friday as overwhelming fears
of demand destruction enveloped energy markets, erasing gains dating back to August. This
was the largest one-day drop since April 20, 2020... more

Market Summary: November 21, 2021

Nov 22, 2021

Petroleum prices fell for a fourth consecutive week, the longest streak of weekly losses since March 27, 2020. After having reached seven-month highs a scant four weeks ago, prices are now at seven-week lows. This was the largest weekly reduction... more

Market Summary: November 14, 2021

Nov 15, 2021

Energy prices fell for a third consecutive week and third week in 12 as the looming threat of intervention by executive order from the US president to try to reduce energy prices dominated market influences this week. The rate of inflation was... more

Market Summary: November 7, 2021

Nov 08, 2021

Petroleum prices fell for the second week in 11, recovering from sharp reductions midweek that briefly touched October lows. This was the worst week for prices since August. At the virtual meeting in Vienna this past week, OPEC+ maintained the... more

Market Summary: October 31, 2021

Nov 01, 2021

Petroleum prices fell for the first week in 10, easing minimally as Brent prices actually improved on the week. Persistent concerns regarding lower supplies, particularly in Cushing, continued sharp increases in speculative length in petroleum... more

Market Summary: October 24, 2021

Oct 25, 2021

Petroleum prices rose for a record ninth consecutive week, reaching their highest levels since 2014. Ongoing OPEC discipline, continued shortfalls of US Crude production, diminished supplies at Cushing, easing of restrictions on Covid-19... more

Market Summary: October 17, 2021

Oct 18, 2021

Petroleum prices rose for an eighth consecutive week. This is the longest streak of weekly gains for Brent in more than 20 years. Continued OPEC+ discipline spearheaded by Saudi dismissiveness of additional production requests, the approach of... more

Market Summary: October 10, 2021

Oct 11, 2021

Petroleum prices rose for a seventh consecutive week as WTI hit $80 for the first time since November 1, 2014. No imminent release from the US Strategic Petroleum Reserve as falsely rumored earlier in the week, more switching to petroleum for... more