oil prices

Headlines for the week of  May 9-13

Headlines for the week of  May 2-8

Headlines for the week of April 25 – May 2

Headlines for the week of April 18-24

Headlines for April 11-17, 2022

Headlines for the week of March 28-April 3, 2022

Energy Bulletin Weekly headlines for 28 March, 2022

Prices climbed to a seven-week high as supply constraints from OPEC+ to North America offset concerns about the impact of a Covid-19 outbreak in China.

Prices jumped more than 1% on the first trading day of the new year ahead of an OPEC+ meeting on Tuesday to discuss production policy.

The New York futures exchange was closed on Friday, while London futures slipped towards $76 a barrel in very light holiday trading. 

Futures posted a weekly decline after a few volatile days that saw traders grow more concerned about the demand impact from the omicron variant and tighter monetary policy.

Futures saw their biggest weekly gain in more than three months as the worst fears over the new virus strain have receded.