To help keep our clients ahead of the curve when it comes to their energy initiatives, CES publishes a weekly market newsletter which discusses key energy events, provides market analysis, and delivers a practical summary of current market conditions.
Brent closed at $65.94 per barrel last week, up 7.6% week-over-week. WTI also rose 6.9% week-over-week to $61.50 per barrel. Prices surged this week after the U.S. announced new sanctions on Russia’s oil industry. The NYMEX prompt month increased $0.30/MMBtu week-over-week to $3.30/MMBtu. The rolling 12-month strip increased $0.14/MMBtu week-over-week to $3.85/MMBtu. Net storage injections totaled 87 Bcf for the week ending October 17. The NEPOOL 12-month electricity strip rose by 4.22% week-over-week to $66.00/MWh. The 2026, 2027, and 2028 calendar strips all experienced week-over-week increases.
Brent closed at $61.29 per barrel last week, down 2.3% week-over-week. WTI also fell 2.3% week-over-week to $57.54 per barrel. Downward price pressure continues as market forecasts are concerned with a global supply surplus. The NYMEX prompt month decreased $0.10/MMBtu week-over-week to $3.01/MMBtu. The rolling 12-month strip decreased $0.05/MMBtu week-over-week to $3.72/MMBtu. Net storage injections totaled 80 Bcf for the week ending October 10. The NEPOOL 12-month electricity strip fell by 1.67% week-over-week to $63.33/MWh. The 2026, 2027, and 2028 calendar strips all experienced week-over-week decreases.
Brent closed at $64.53 per barrel last week, down 8.0% week-over-week. WTI fell 7.4% week-over-week to $60.88 per barrel. OPEC+ has decided to continue production hikes into November despite ongoing concerns of oversupply in the market. The NYMEX prompt month shifted to November last week and increased $0.49/MMBtu week-over-week to $3.32/MMBtu. The rolling 12-month strip increased $0.25/MMBtu week-over-week to $3.91/MMBtu. Net storage injections totaled 53 Bcf for the week ending September 26. The NEPOOL 12-month electricity strip rose by 1.56% week-over-week to $65.91/MWh. The 2026, 2027, and 2028 calendar strips all experienced week-over-week increases.
Brent closed at $70.13 per barrel last week, up 5.2% week-over-week. WTI rose 4.9% week-over-week to $65.72 per barrel. Russian oil exports fell after continued Ukrainian drone attacks on their energy infrastructure and pressure on buyers to reduce imports. The NYMEX prompt month decreased $0.05/MMBtu week-over-week to $2.84/MMBtu. The rolling 12-month strip experienced no change in price week-over-week, remaining at $3.66/MMBtu. Net storage injections totaled 75 Bcf for the week ending September 19. The NEPOOL 12-month electricity strip rose by 0.86% week-over-week to $64.90 MWh. The 2026, 2027, and 2028 calendar strips all experienced week-over-week increases.
Brent closed at $66.68 per barrel last week, down 0.5% week-over-week. WTI fell only 1 cent week-over-week to $62.68 per barrel. Markets have remained stable as concerns of oversupply offset price risks from geopolitical tensions in Russia and the Middle East. The NYMEX prompt month decreased $0.05/MMBtu week-over-week to $2.89/MMBtu. The rolling 12-month strip increased marginally by $0.02/MMBtu week-over-week to $3.66/MMBtu. Net storage injections totaled 90 Bcf for the week ending September 12. The NEPOOL 12-month electricity strip rose by 0.77% week-over-week to $64.35 MWh. The 2026, 2027, and 2028 calendar strips all experienced minimal week-over-week increases.
Brent closed at $66.99 per barrel last week, up 2.3% week-over-week. WTI rose 1.3% week-over-week to $62.69 per barrel. Markets have remained stable as Ukraine intensified its attacks on Russian oil infrastructure over the past week. The NYMEX prompt month decreased $0.11/MMBtu week-over-week to $2.94/MMBtu. The rolling 12-month strip declined $0.04/MMBtu week-over-week to $3.64/MMBtu. Net storage injections totaled 71 Bcf for the week ending September 5. The NEPOOL 12-month electricity strip fell by 1.25% week-over-week to $63.86 MWh. The 2026, 2027, and 2028 calendar strips all experienced minimal week-over-week changes.
Brent closed at $65.50 per barrel last week, down 4.5% week-over-week. WTI fell 3.3% week-over-week to $61.87 per barrel. OPEC+ countries agreed over the weekend to raise production levels for October. The NYMEX prompt month increased $0.05/MMBtu week-over-week to $3.05/MMBtu. The rolling 12-month strip declined $0.04/MMBtu week-over-week to $3.68/MMBtu. Net storage injections totaled 55 Bcf for the week ending August 29. The NEPOOL 12-month electricity strip rose by 1.03% week-over-week to $64.66 MWh. The 2026, 2027, and 2028 calendar strips all experienced minimal week-over-week changes.
Brent closed at $68.62 per barrel last week, down 0.3% week-over-week. WTI fell 1.2% week-over-week to $64.01 per barrel. U.S. retail gasoline prices were 5% lower year-over-year heading into the holiday weekend due to falling oil prices and increased global supplies. The NYMEX prompt month increased $0.30/MMBtu week-over-week to $3.00/MMBtu. The rolling 12-month strip rose $0.26/MMBtu week-over-week to $3.72/MMBtu. Net storage injections totaled 18 Bcf for the week ending August 22. The NEPOOL 12-month electricity strip rose by 1.30% week-over-week to $64.01/MWh. The 2026, 2027, and 2028 calendar strips all experienced week-over-week increases.
Brent closed at $67.73 per barrel last week, up 2.9% week-over-week. WTI rose 1.4% week-over-week to $63.66 per barrel. Russia and Ukraine ramped up attacks on energy infrastructure last week, raising market fears of supply disruptions. The NYMEX prompt month decreased $0.22/MMBtu week-over-week to $2.70/MMBtu. The rolling 12-month strip fell $0.12/MMBtu week-over-week to $3.48/MMBtu. Net storage injections totaled 13 Bcf for the week ending August 15. The NEPOOL 12-month electricity strip decreased by 3.36% week-over-week to $63.20/MWh. The 2026, 2027, and 2028 calendar strips all experienced relatively small movement week-over-week.
Brent closed at $65.85 per barrel last week, down 1.1% week-over-week. WTI fell 1.7% week-over-week to $62.80 per barrel. A new forecast from the U.S. Energy Information Administration (EIA) anticipates global crude oil prices will decrease significantly in the coming months. The NYMEX prompt month decreased $0.07/MMBtu week-over-week to $2.92/MMBtu. The rolling 12-month strip also decreased $0.08/MMBtu week-over-week to $3.61/MMBtu. Net storage injections totaled 56 Bcf for the week ending August 8. The NEPOOL 12-month electricity strip decreased by 1.76% week-over-week to $65.40/MWh. The 2026, 2027, and 2028 calendar strips all relatively small movement week-over-week.
Brent closed at $66.59 per barrel last week, down 9.1% week-over-week. WTI fell 5.1% week-over-week to $63.88 per barrel. President Trump has been increasing pressure on Russia to end the war with Ukraine and recently announced secondary sanctions on India as a main importer of Russian oil. The NYMEX prompt month decreased $0.09/MMBtu week-over-week to $2.99/MMBtu. The rolling 12-month strip also decreased $0.09/MMBtu week-over-week to $3.69/MMBtu. Net storage injections totaled 7 Bcf for the week ending August 1. The NEPOOL 12-month electricity strip decreased by 0.67% week-over-week to $66.57/MWh. The 2026, 2027, and 2028 calendar strips all experienced small price drops.
Brent closed at $73.24 per barrel last week, up 7% week-over-week. WTI rose 3.3% week-over-week to $67.33 per barrel. Yesterday, OPEC+ announced another large output increase for September. The NYMEX prompt month decreased $0.03/MMBtu week-over-week to $3.08/MMBtu. The rolling 12-month strip increased $0.04/MMBtu week-over-week to $3.78/MMBtu. Net storage injections totaled 48 Bcf for the week ending July 25. The NEPOOL 12-month electricity strip increased by 2.36% week-over-week to $67.02/MWh. The 2026, 2027, and 2028 calendar strips all experienced price increases.
Brent closed at $68.44 per barrel last week, down 1.2% week-over-week. WTI fell 3.2% week-over-week to $65.16 per barrel. The Trump administration plans to allow Chevron to resume oil production in Venezuela after revoking licenses back in May. The NYMEX prompt month decreased $0.46/MMBtu week-over-week to $3.11/MMBtu. The rolling 12-month strip decreased $0.34/MMBtu week-over-week to $3.74/MMBtu. Net storage injections totaled 23 Bcf for the week ending July 18. The NEPOOL 12-month electricity strip decreased by 4.19% week-over-week to $65.48/MWh. The 2026, 2027, and 2028 calendar strips all experienced price drops.
Sign up with your email address to receive news and updates about energy markets.
