• Benchmark U.S. crude oil for January delivery fell 44 cents to $71.02 a barrel at press time. Brent crude for February delivery fell 5 cents to $76.10 a barrel.
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This Week’s Market Buzz
• At press time, Brent crude futures were down 29 cents, or 0.3%, to $85.12 a barrel, while U.S. WTI crude futures rose 2 cents, to $77.96.
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• At press time, Brent crude futures settled up $2.32 at $95.99 a barrel, extending a 1.1% rise from the previous session but falling 2.6% on the week. U.S. West Texas Intermediate (WTI) crude futures settled up $2.49, or 2.9%, at $88.96 a barrel, after climbing 0.8% in the previous session but down nearly 4% on the week.
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• At press time Brent crude futures dropped $1.13 or 1.17%, to $95.83 a barrel, having climbed by 1.3% in the previous session. U.S. West Texas Intermediate (WTI) crude futures were down $1.08, or 1.21% at $88.01.
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• At press time, Brent crude futures were down $2.73, or 2.89%, at $91.84 a barrel while U.S. West Texas Intermediate (WTI) crude futures fell $3.11, or 3.5%, to $85.99.
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• At press time, Brent crude futures added 3.5% to end the day at $89.32, while U.S. West Texas Intermediate (WTI) crude futures settled 4.65% higher at $82.15 per barrel.
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• Oil prices are still headed to $150 a barrel as supply growth continues to lag, according to JPMorgan energy strategist Christyan Malek. Brent crude oil rose 1% to about $94 a barrel at press time but is well off its earlier high of more than $130 a barrel in March. While some analysts have cut their oil price outlooks,…
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• Oil prices will hold steady for the rest of the year with marginal declines in 2023, analysts estimated, with the exception of one who foresees “more bullish than bearish factors” for the market going forward. Analysts who spoke to CNBC said they expect current oil prices to hold throughout the second half of 2022, though the impact of a…
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• At press time, Brent crude futures were down 13 cents, or 0.1%, at $96.46 a barrel at 1339 GMT. U.S. West Texas Intermediate crude was at $90.78 a barrel, up 28 cents, or 0.3%.
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• The hydraulic fracturing market through 2023 is expected to be tight. Horsepower and water demand are both projected to rise next year, and sand will likely continue to be an issue, according to Luke Smith, U.S. onshore analyst at Westwood Global Energy Group.
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