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.
Oil markets experienced moderate gains this past week, with Brent closing at $62.15 per barrel last week, up 3% week-over-week. WTI experienced an increase of 2.6% week-over-week, climbing to $58.50 per barrel. Analysts continue to monitor U.S.-Venezuela tensions and domestic unrest in Iran. The NYMEX prompt month fell $0.45/MMBtu week-over-week to $3.17/MMBtu. The rolling 12-month strip also decreased by $0.34/MMBtu week-over-week to $3.30/MMBtu. Storage levels saw a net withdrawal of 119 Bcf for the week ending January 2nd. The NEPOOL 12-month electricity strip fell 6.36% week-over-week to $66.42/MWh. The 2027, 2028, and 2029 calendar strips all experienced week-over-week decreases.
Oil markets experienced moderate gains this past week, with Brent closing at $60.75 per barrel last week, up 0.2% week-over-week. WTI had a slightly larger increase of 1% week-over-week, climbing to $57.32 per barrel. With a tumultuous weekend for geopolitics, the impact of the removal of Venezuela’s Maduro is yet to be seen as the current week kicks off. The NYMEX prompt month shifted to February and fell $0.75/MMBtu week-over-week to $3.62/MMBtu. The rolling 12-month strip also decreased by $0.15/MMBtu week-over-week to $3.64/MMBtu. Storage levels saw a net withdrawal of 38 Bcf for the week ending December 26. The NEPOOL 12-month electricity strip fell by 4.00% week-over-week to $70.93/MWh. The 2027, 2028, and 2029 calendar strips all experienced minor week-over-week decreases.
Oil markets had another slow week, with Brent closing at $60.47 per barrel last week, down just over 1% week-over-week. WTI had a slightly larger decrease of 1.4% week-over-week, pulling it back to $56.66 per barrel. A buildup of supply and subsequent concerns about a glut going into 2026 continue to be a prominent market factor. The NYMEX prompt month fell $0.13/MMBtu week-over-week to $3.98/MMBtu. The rolling 12-month strip also decreased by $0.14/MMBtu week-over-week to $3.66/MMBtu. Storage levels saw a net withdrawal of 167 Bcf for the week ending December 12th. The NEPOOL 12-month electricity strip fell by 1.31% week-over-week to $72.12/MWh. The 2026 and 2027 calendar strips both experienced week-over-week decreases while the 2028 strip was up just slightly by 0.09%.
Oil markets witnessed a slow week overall, with Brent closing at $61.12 per barrel last week, down just over 4% week-over-week. WTI had a slightly larger decrease of 4.4% week-over-week, pulling it back to $57.44 per barrel. A buildup of supply and subsequent concerns about a glut going into 2026 continue to be a prominent market factor. The NYMEX prompt month fell $1.18/MMBtu week-over-week to $4.11/MMBtu. The rolling 12-month strip also decreased by $0.67/MMBtu week-over-week to $3.81/MMBtu. Storage levels saw a net withdrawal of 177 Bcf for the week ending December 5th. The NEPOOL 12-month electricity strip fell by 7.55% week-over-week to $73.08/MWh. The 2026, 2027, and 2028 calendar strips all experienced week-over-week decreases.
Brent closed at $63.75 per barrel last week, up 1% week-over-week. WTI had a larger increase of 2.6% week-over-week, pushing it to $60.08 per barrel. While crude oil markets continue to factor in oversupply, diminishing hopes of a Russia-Ukraine peace deal are applying upward pressure on prices. The NYMEX prompt month increased $0.44/MMBtu week-over-week to $5.29/MMBtu. The rolling 12-month strip also rose by $0.33/MMBtu week-over-week to $4.48/MMBtu. Storage levels saw a net withdrawal of 12 Bcf for the week ending November 28. The NEPOOL 12-month electricity strip rose by 8.38% week-over-week to $79.05/MWh. The 2026, 2027, and 2028 calendar strips all experienced week-over-week increases.
Brent closed at $62.56 per barrel last week, down 2.8% week-over-week. WTI had a slightly larger decline of 3.4% week-over-week to $58.06 per barrel. Crude oil prices have responded to a fear of oversupply, but low gasoline inventories and heating season may drive up the prices of refined products. The NYMEX prompt month increased $0.01/MMBtu week-over-week to $4.58/MMBtu. The rolling 12-month strip fell $0.02/MMBtu week-over-week to $4.16/MMBtu. Storage levels saw a net withdrawal of 14 Bcf for the week ending November 14. The NEPOOL 12-month electricity strip rose by 2.28% week-over-week to $73.29/MWh. The 2026, 2027, and 2028 calendar strips all experienced week-over-week increases.
Brent closed at $64.39 per barrel last week, up 1.2% week-over-week. WTI had a slight increase of 0.6% week-over-week to $60.09 per barrel. Prices have remained relatively steady throughout the week with upward pressure related to potential short-term supply disruptions. The NYMEX prompt month increased $0.25/MMBtu week-over-week to $4.57/MMBtu. The rolling 12-month strip increased $0.10/MMBtu week-over-week to $4.18/MMBtu. Net storage injections totaled 45 Bcf for the week ending November 7. The NEPOOL 12-month electricity strip rose by 1.89% week-over-week to $71.66/MWh. The 2026, 2027, and 2028 calendar strips all experienced week-over-week increases.
Brent closed at $63.63 per barrel last week, down 2.1% week-over-week. WTI declined by 2.0% week-over-week to $59.75 per barrel. Oil prices are trending downward with concerns of a supply glut looming in the market. The NYMEX prompt month increased $0.19/MMBtu week-over-week to $4.32/MMBtu. The rolling 12-month strip increased $0.07/MMBtu week-over-week to $4.08/MMBtu. Net storage injections totaled 33 Bcf for the week ending October 31. The NEPOOL 12-month electricity strip rose by 4.72% week-over-week to $70.33/MWh. The 2026, 2027, and 2028 calendar strips all experienced week-over-week increases.
Brent closed at $65.00 per barrel last week, down 1.4% week-over-week. WTI also declined slightly by 0.8% week-over-week to $60.98 per barrel. Oil prices have remained stable as OPEC+ announced a pause in output hikes starting January 2026. The NYMEX prompt month switched to December and increased $0.82/MMBtu week-over-week to $4.12/MMBtu. The rolling 12-month strip increased $0.16/MMBtu week-over-week to $4.01/MMBtu. Net storage injections totaled 74 Bcf for the week ending October 24. The NEPOOL 12-month electricity strip rose by 1.76% week-over-week to $67.16/MWh. The 2026, 2027, and 2028 calendar strips all experienced week-over-week increases.
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.
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