Short‐Term Energy Outlook Market Prices and Uncertainty Report

Posted by Content Coordinator on Tuesday, February 14th, 2012


Crude Oil Price

On February 2, Brent settled at $112.07 per barrel, unchanged from its closing price on January 3, and West Texas Intermediate (WTI) settled at $96.36 per barrel, a decrease of $6.30 per barrel over the same time period. Both Brent and WTI traded in narrow ranges of $4 and $7 per barrel, respectively, over the past month, continuing the trend of crude oil price stability seen since November 2011 (Figure 1). As a percentage of the average price, the trading range for Brent in January was the smallest in over 10 years.

There have been several developments related to the crude oil market over the last month but none have provided new direction to prices. A dispute over oil transportation and transfer fees between South Sudan and its northern neighbor, Sudan, have resulted in reports that South Sudan has shut in its production of about 350,000 barrels per day. Additionally, the European Union agreed last week to impose a ban of all oil imports from Iran into its member countries beginning in July of this year, which could lead to a reallocation of global crude oil flows. Lastly, negotiations for a voluntary write‐down of Greek debt are continuing between the government and its bondholders, a reminder of continuing financial challenges impacting economies within the Euro zone, which still have the potential to affect near‐term economic growth prospects and demand for petroleum products.

Download Full Report (PDF): Short‐Term Energy Outlook Market Prices and Uncertainty Report

Tags: , , , ,

Comments are closed.

Follow InfraUSA on Twitter Facebook YouTube Flickr


Show us your infra! Show us your infra!

Video, stills and tales. Share images of the Infra in your community that demands attention. Post your ideas about national Infra issues. Go ahead. Show Us Your Infra!  Upload and instantly share your message.

Polls Polls

Is the administration moving fast enough on Infra issues? Are Americans prepared to pay more taxes for repairs? Should job creation be the guiding determination? Vote now!


What do the experts think? This is where the nation's public policy organizations, trade associations and think tanks weigh in with analysis on Infra issues. Tell them what you think.  Ask questions.  Share a different view.


The Infra Blog offers cutting edge perspective on a broad spectrum of Infra topics. Frequent updates and provocative posts highlight hot button topics -- essential ingredients of a national Infra dialogue.