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 an uptick in prices last week, with Brent closing at $68.82 per barrel, up 4.9% week-over-week. WTI experienced an increase of 4.8% week-over-week as well, rising to $64.63 per barrel. Volatility around tariffs is injecting further uncertainty into the global oil trade. The NYMEX prompt month fell $0.20/MMBtu week-over-week to $3.05/MMBtu. The rolling 12-month also decreased by $0.09/MMBtu week-over-week to $3.63/MMBtu. Storage levels saw a net withdrawal of 144 Bcf for the week ending February 13th. The NEPOOL 12-month electricity strip fell 0.65% week-over-week to $70.09/MWh. The 2027 strips decreased week-over-week, while the 2028 and 2029 strips increased slightly.
Oil markets experienced a slight drop this past week, with Brent closing at $65.57 per barrel, down 0.7% week-over-week. WTI experienced a decrease of 0.9% week-over-week as well, dropping to $61.65 per barrel. U.S.-Iran and Russia-Ukraine talks in Geneva today are drawing interest from crude oil traders among many other stakeholders. The NYMEX prompt month fell $0.18/MMBtu week-over-week to $3.24/MMBtu. The rolling 12-month also decreased by $0.11/MMBtu week-over-week to $3.72/MMBtu. Storage levels saw a net withdrawal of 249 Bcf for the week ending February 6th. The NEPOOL 12-month electricity strip fell 2.84% week-over-week to $70.55/MWh. The 2027 and 2028 strips both decreased week-over-week, while the 2029 strip increased slightly.
Oil markets experienced a drop this past week, with Brent closing at $66.06 per barrel, down 2% week-over-week. WTI experienced a decrease of 1.5% week-over-week as well, dropping to $62.23 per barrel. U.S.-Iran talks in Oman on Friday eased some tension in the oil markets, helping drive down crude prices. The NYMEX prompt month fell $0.93/MMBtu week-over-week to $3.42/MMBtu. The rolling 12-month also decreased by $0.65/MMBtu week-over-week to $3.83/MMBtu. Storage levels saw a record net withdrawal of 360 Bcf for the week ending January 30th. The NEPOOL 12-month electricity strip fell 15.80% week-over-week to $72.61/MWh. The 2027 and 2029 strips both decreased week-over-week, while the 2028 strip increased slightly.
Oil markets experienced gains this past week, with Brent closing at $67.38 per barrel, up 5.3% week-over-week. WTI experienced an increase of 5.1% week-over-week as well, climbing to $63.17 per barrel. A possible escalation in U.S.-Iran tensions could cause a major supply shock to global oil markets. The NYMEX prompt month shifted to March and fell $0.92/MMBtu week-over-week to $4.35/MMBtu. The rolling 12-month strip increased by $0.39/MMBtu week-over-week to $4.48/MMBtu. Storage levels saw a large net withdrawal of 242 Bcf for the week ending January 23rd. The NEPOOL 12-month electricity strip rose 18.40% week-over-week to $86.24/MWh. The 2027, 2028, and 2029 strips all increased week-over-week.
Oil markets experienced gains this past week, with Brent closing at $64.00 per barrel, up 2.2% week-over-week. WTI experienced an increase of 2.2% week-over-week as well, climbing to $60.12 per barrel. Cold weather is driving up near-term demand and prices for heating oil. The NYMEX prompt month jumped $2.17/MMBtu week-over-week to $5.28/MMBtu. The rolling 12-month strip by $0.77/MMBtu week-over-week to $4.09/MMBtu. Storage levels saw a net withdrawal of 120 Bcf for the week ending January 16th. The NEPOOL 12-month electricity strip rose 10.47% week-over-week to $72.84/MWh. The 2027 and 2029 strips increased while the 2028 strip dipped slightly week-over-week.
Oil markets experienced minor gains this past week, with Brent closing at $62.61 per barrel, up 0.7% week-over-week. WTI experienced an increase of 0.5% week-over-week, climbing to $58.82 per barrel. Oil markets are reacting minimally to geopolitical tensions in Venezuela and Iran. The NYMEX prompt month fell $0.07/MMBtu week-over-week to $3.10/MMBtu. The rolling 12-month strip increased slightly by $0.02/MMBtu week-over-week to $3.32/MMBtu. Storage levels saw a net withdrawal of 71 Bcf for the week ending January 9th. The NEPOOL 12-month electricity strip fell 0.73% week-over-week to $65.94/MWh. The 2027, 2028, and 2029 calendar strips all experienced slight week-over-week increases.
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.
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