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Brent closed at $63.91 per barrel last week, up 4.3% week-over-week. WTI rose 4.7% week-over-week to $61.02 per barrel. The U.S. and China announced a 90-day pause on tariffs, with U.S. tariffs on Chinese imports dropping from 145% to 30%, and Chinese tariffs on U.S. imports going from 125% to 10%. The NYMEX prompt month rose by $0.17 week-over-week to $3.80/MMBtu, a 4.5% increase. The rolling 12-month strip increased $0.08 week-over-week to $4.35/MMBtu, a 2.0% rise. Warm weather and high cooling demand put upward pressure on demand from the electricity generation sector. The NEPOOL 12-month electricity strip increased 2.46% week-over-week to $67.36/MWh. The 2026, 2027 and 2028 calendar year strips all increased in price week-over-week.
Brent closed at $61.29 per barrel last week, down 8.3% week-over-week. WTI fell 7.5% week-over-week to $58.29 per barrel. OPEC+ decided over the weekend to increase output despite demand uncertainty. The NYMEX prompt month rose by $0.69 week-over-week to $3.63/MMBtu, a 23.6% increase. The rolling 12-month strip increased $0.54 week-over-week to $4.26/MMBtu, a 14.4% rise. Warmer weather increased demand from the electricity generation sector to meet cooling demand. The NEPOOL 12-month electricity strip increased 5.05% week-over-week to $65.75/MWh. The 2026, 2027 and 2028 calendar year strips all increased in price week-over-week.
Brent closed at $66.87 per barrel last week, down 1.6% week-over-week. WTI fell 2.6% week-over-week to $63.02 per barrel. Investors have received conflicting signals on the potential de-escalation of the U.S.-China trade war. The NYMEX prompt month fell by $0.31 week-over-week to $2.94/MMBtu, a 9.5% decrease. The rolling 12-month strip dropped $0.21 week-over-week to $3.73/MMBtu, a 5.3% fall. Warmer weather across the United States caused significantly lower heating demand from the commercial and residential sectors. The NEPOOL 12-month electricity strip decreased 1.20% week-over-week to $62.59/MWh. The 2026, 2027 and 2028 calendar year strips all increased marginally in price week-over-week.
Brent closed at $67.96 per barrel last week, up 4.9% week-over-week. WTI rose 5.2% week-over-week to $64.68 per barrel. Last Wednesday, Trump issued a further round of sanctions targeting Chinese importers of Iranian oil. The NYMEX prompt month fell by $0.28 week-over-week to $3.25/MMBtu, an 8.0% decrease. The rolling 12-month strip dropped $0.11 week-over-week to $3.94/MMBtu, a 2.7% fall. Colder weather raised United States demand for natural gas week over week. 2024 saw relatively flat year-over-year production of natural gas. The NEPOOL 12-month electricity strip was up 0.66% week-over-week to $63.35/MWh. The 2026, 2027 and 2028 calendar year strips all increased in price week-over-week.
Brent closed at $64.76 per barrel last week, down 1.3% week-over-week. WTI fell 0.8% week-over-week to $61.50 per barrel. Oil prices rose last week after Trump announced a 90-day pause from his latest round of tariffs. The NYMEX prompt month fell by $0.31 week-over-week to $3.53/MMBtu, an 8.1 % decrease. The rolling 12-month strip dropped $0.28 week-over-week to $4.04/MMBtu, a 6.4 % fall. Colder weather raised United States demand for natural gas week over week. The NEPOOL 12-month electricity strip was down 5.33% week-over-week to $63.21/MWh. The 2026, 2027 and 2028 calendar year strips all decreased in price week-over-week.
Brent closed at $65.58 per barrel last week, down 10.9% week-over-week. WTI fell 10.6% week-over-week to $61.99 per barrel. Last Wednesday, President Trump announced reciprocal tariffs on trading partners. The NYMEX prompt month fell by $0.23 week-over-week to $3.84/MMBtu, a 5.6% decrease. The rolling 12-month strip dropped $0.23 week-over-week to $4.32/MMBtu, a 5.0 % fall. As spring brings warmer temperatures across the United States, U.S. natural gas consumption has decreased, driven primarily by lower heating demand from the residential and commercial sector. The NEPOOL 12-month electricity strip was down 2.80% week-over-week to $66.77/MWh. The 2026, 2027 and 2028 calendar year strips all decreased in price week-over-week.
Brent closed at $73.63 per barrel last week, up 2.0% week-over-week. WTI rose 1.6% week-over-week to $69.36 per barrel. Last Monday, President Trump announced the U.S. would impose 25% import tariffs on buyers of Venezuelan crude. The NYMEX prompt month rose by $0.09 week-over-week to $4.07/MMBtu, a 2.1% increase. The rolling 12-month strip dropped $0.04 week-over-week to $4.55/MMBtu, a 0.9% fall. The United States is at the tail end of the traditional withdrawal season. We expect more significant injections into U.S. storage levels as we go into April. The NEPOOL 12-month electricity strip was down 1.65% week-over-week to $68.70/MWh. The 2026, 2027 and 2028 calendar year strips all decreased in price week-over-week.
Brent closed at $72.16 per barrel last week, up 2.2% week-over-week. WTI rose 1.6% week-over-week to $68.28 per barrel. The U.S. issued new Iran-related sanctions last Thursday, targeting systems involved in the supply of Iranian oil to China, including an independent Chinese refiner. The NYMEX prompt month fell by $0.12 week-over-week to $3.98/MMBtu, a 3.0% decrease. The rolling 12-month strip dropped $0.10 week-over-week to $4.59/MMBtu, a 2.0% fall. Warmer weather across the United States has decreased demand for natural gas in the residential and commercial sectors. The United States is approaching the end of the withdrawal season. The NEPOOL 12-month electricity strip was down 1.49% week-over-week to $69.85/MWh. The 2026 and 2027 calendar year strips increased while the 2028 strips decreased in price week-over-week.
Brent closed at $70.58 per barrel last week, up 0.3% week-over-week. WTI rose 0.2% week-over-week to $67.18 per barrel. Late last week, the EIA gave notice that global oil supply could outweigh demand by 600,000 barrels per day this year. The NYMEX prompt month fell by $0.30 week-over-week to $4.10/MMBtu, a 6.7% decrease. The rolling 12-month strip dropped $0.15 week-over-week to $4.68/MMBtu, a 3.2% fall. Warmer weather across the United States has decreased demand for natural gas in the residential and commercial sectors. The United States is approaching the end of the withdrawal season. The NEPOOL 12-month electricity strip was down 2.73% week-over-week to $70.91/MWh. The 2026, 2027 and 2028 calendar year strips all decreased in price week-over-week.
Brent closed at $70.36 per barrel last week, down 5.0% week-over-week. WTI fell 3.9% week-over-week to $67.04 per barrel. President Trump announced on Friday that he is considering adding sanctions on Russia until a peace deal is reached with Ukraine. The NYMEX prompt month rose by $0.57 week-over-week to $4.40/MMBtu, a 14.7% increase. The rolling 12-month strip jumped $0.51 week-over-week to $4.83/MMBtu, an 11.8% rise. Warmer weather across the United States has decreased demand for natural gas, but last week’s cold snap led to a spike in New England prices. The NEPOOL 12-month electricity strip was up 2.52% week-over-week to $72.90/MWh. The 2026 calendar year electricity strip increased while the 2027 and 2028 strips decreased in price week-over-week.
Brent closed at $74.04 per barrel last week, down 0.5% week-over-week. WTI fell 0.9% week-over-week to $69.76 per barrel. On Wednesday, Trump announced he would revoke Chevron’s 2022 license to operate in Venezuela’s oil sector. The NYMEX prompt month fell by $0.40 week-over-week to $3.83/MMBtu, a 9.4% decrease. The rolling 12-month strip dropped $0.17 week-over-week to $4.32/MMBtu, a 3.8% fall. High heating demand from below-average temperatures across the United States put upward pressure on natural gas prices. The NEPOOL 12-month electricity strip was down 4.96% week-over-week to $71.11/MWh. The 2026 calendar year electricity strip decreased while the 2027 and 2028 strips increased in price week-over-week.
Brent closed at $76.87 per barrel last week, down 2.1% week-over-week. WTI fell 2.9% week-over-week to $72.53 per barrel. Prices fell last week as the Gaza ceasefire created more stable conditions in the Middle East, and U.S. crude oil stockpiles rose. The NYMEX prompt month rose by $0.51 week-over-week to $4.23/MMBtu, a 13.7% increase. The rolling 12-month strip jumped $0.33 week-over-week to $4.49/MMBtu, an 8.0% rise. High heating demand stemming from below-average weather across the United States put upward pressure on natural gas prices. The NEPOOL 12-month electricity strip was up 3.06% week-over-week to $74.82/MWh. The 2026 calendar year strip increased while the 2027 and 2028 strips decreased in price week-over-week.
Brent closed at $74.74 per barrel last week, up 0.1% week-over-week. WTI fell 0.4% week-over-week to $70.74 per barrel. Prices fell last week as Trump continues to push Ukrainian President Zelensky and Russian President Putin to come to a ceasefire agreement. The NYMEX prompt month rose by $0.42 week-over-week to $3.73/MMBtu, a 12.6% increase. The rolling 12-month strip jumped $0.29 week-over-week to $4.16/MMBtu, a 7.6% rise. Natural gas consumption across the United States rose week-over-week as colder weather put upward pressure on demand from the residential and commercial sector. The NEPOOL 12-month electricity strip was up 4.27% week-over-week to $72.60/MWh. The 2026 calendar year strip increased while the 2027 and 2028 strips decreased in price week-over-week.
Brent closed at $74.66 per barrel last week, down 2.9% week-over-week. WTI fell 2.1% week-over-week to $71.00 per barrel. Early last week, Trump imposed a 10% tariff on Chinese imports and put a 30-day pause on his 25% tariffs on Mexico and Canada with a 10% tariff on Canadian exports. The NYMEX prompt month rose by $0.27 week-over-week to $3.31/MMBtu, an 8.7% increase. The rolling 12-month strip jumped $0.18 week-over-week to $3.87/MMBtu, a 4.9% rise. Heating demand dropped across the U.S. as America recorded its highest weekly production average. The NEPOOL 12-month electricity strip was up 7.06% week-over-week to $69.62/MWh. The 2026, 2027, and 2028 calendar year strips all increased in price week-over-week.
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