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== Price Developments ==
== Price Developments ==
'''Annual'''
{| class="wikitable"
! rowspan="2" |Date
Average Prices
! colspan="3" |WTI<ref name=":5" />
! colspan="3" |US Regular All Formulations Gas Price<ref name=":6" />
! colspan="3" |Henry Hub Natural Gas Spot Price<ref name=":7" />
|-
!Dollars per Barrel NSA
!M/M
!Y/Y
!Dollars per Gallon NSA
!M/M
!Y/Y
!Dollars per Million BTU NSA
!M/M
!Y/Y
|-
|2023-01-01
|78.03
| -17.78
| -17.78
|3.54
| -10.30
| -10.30
|2.54
| -60.67
| -60.67
|-
|2022-01-01
|94.90
|39.29
|39.29
|3.95
|31.37
|31.37
|6.45
|65.54
|65.54
|-
|2021-01-01
|68.14
|73.99
|73.99
|3.01
|38.76
|38.76
|3.89
|92.17
|92.17
|-
|2020-01-01
|39.16
| -31.28
| -31.28
|2.17
| -16.76
| -16.76
|2.03
| -20.87
| -20.87
|-
|2019-01-01
|56.99
| -12.63
| -12.63
|2.60
| -4.22
| -4.22
|2.56
| -18.77
| -18.77
|-
|2018-01-01
|65.23
|28.40
|28.40
|2.72
|12.59
|12.59
|3.15
|5.51
|5.51
|-
|2017-01-01
|50.80
|17.34
|17.34
|2.42
|12.66
|12.66
|2.99
|18.76
|18.76
|-
|2016-01-01
|43.29
| -11.02
| -11.02
|2.14
| -11.77
| -11.77
|2.52
| -4.12
| -4.12
|-
|2015-01-01
|48.66
| -47.78
| -47.78
|2.43
| -27.65
| -27.65
|2.62
| -39.99
| -39.99
|-
|2014-01-01
|93.17
| -4.91
| -4.91
|3.36
| -4.20
| -4.20
|4.37
|17.19
|17.19
|-
|2013-01-01
|97.98
|4.18
|4.18
|3.51
| -3.14
| -3.14
|3.73
|35.46
|35.46
|-
|2012-01-01
|94.05
| -0.87
| -0.87
|3.62
|2.76
|2.76
|2.75
| -31.07
| -31.07
|-
|2011-01-01
|94.88
|19.38
|19.38
|3.52
|26.58
|26.58
|4.00
| -8.55
| -8.55
|-
|2010-01-01
|79.48
|28.29
|28.29
|2.78
|18.23
|18.23
|4.37
|10.83
|10.83
|-
|2009-01-01
|61.95
| -37.85
| -37.85
|2.35
| -27.51
| -27.51
|3.94
| -55.51
| -55.51
|-
|2008-01-01
|99.67
|37.78
|37.78
|3.25
|16.07
|16.07
|8.86
|27.20
|27.20
|-
|2007-01-01
|72.34
|9.52
|9.52
|2.80
|8.71
|8.71
|6.97
|3.51
|3.51
|-
|2006-01-01
|66.05
|16.63
|16.63
|2.57
|13.29
|13.29
|6.73
| -22.50
| -22.50
|-
|2005-01-01
|56.64
|36.46
|36.46
|2.27
|22.58
|22.58
|8.69
|47.40
|47.40
|-
|2004-01-01
|41.51
|33.57
|33.57
|1.85
|18.65
|18.65
|5.89
|7.71
|7.71
|-
|2003-01-01
|31.08
|18.68
|18.68
|1.56
|16.11
|16.11
|5.47
|62.08
|62.08
|-
|2002-01-01
|26.18
|0.78
|0.78
|1.35
| -5.32
| -5.32
|3.38
| -14.74
| -14.74
|-
|2001-01-01
|25.98
| -14.47
| -14.47
|1.42
| -4.30
| -4.30
|3.96
| -8.17
| -8.17
|-
|2000-01-01
|30.38
|57.04
|57.04
|1.48
|30.64
|30.64
|4.31
|89.59
|89.59
|-
|1999-01-01
|19.34
|34.13
|34.13
|1.14
|10.31
|10.31
|2.27
|8.89
|8.89
|-
|1998-01-01
|14.42
| -30.02
| -30.02
|1.03
| -14.13
| -14.13
|2.09
| -16.12
| -16.12
|}


=== February 2023 ===
=== 2023 ===
{| class="wikitable"
! rowspan="2" |Date
Average Prices
! colspan="3" |WTI<ref name=":5" />
! colspan="3" |US Regular All Formulations Gas Price<ref name=":6" />
! colspan="3" |Henry Hub Natural Gas Spot Price<ref name=":7" />
|-
!Dollars per Barrel NSA
!M/M
!Y/Y
!Dollars per Gallon NSA
!M/M
!Y/Y
!Dollars per Million BTU NSA
!M/M
!Y/Y
|-
|2023-11-01
|77.69
| -9.29
| -7.92
|3.32
| -8.16
| -9.96
|2.71
| -9.18
| -50.33
|-
|2023-10-01
|85.64
| -4.23
| -2.19
|3.61
| -5.82
| -5.31
|2.98
|13.08
| -47.33
|-
|2023-09-01
|89.43
|9.88
|6.13
|3.84
| -0.10
|3.67
|2.64
|2.07
| -66.54
|-
|2023-08-01
|81.39
|6.99
| -13.11
|3.84
|6.75
| -3.40
|2.58
|1.26
| -70.67
|-
|2023-07-01
|76.07
|8.29
| -25.14
|3.60
|0.73
| -21.11
|2.55
|17.17
| -64.98
|-
|2023-06-01
|70.25
| -1.86
| -38.83
|3.57
|0.46
| -27.55
|2.18
|1.41
| -71.74
|-
|2023-05-01
|71.58
| -9.90
| -34.66
|3.56
| -1.34
| -20.00
|2.15
| -0.76
| -73.64
|-
|2023-04-01
|79.45
|8.42
| -21.94
|3.60
|5.29
| -12.30
|2.16
| -6.18
| -67.21
|-
|2023-03-01
|73.28
| -4.63
| -32.46
|3.42
|0.98
| -18.94
|2.31
| -3.15
| -52.93
|-
|2023-02-01
|76.83
| -1.65
| -16.16
|3.39
|1.48
| -3.65
|2.38
| -27.27
| -49.26
|-
|2023-01-01
|78.12
|2.21
| -6.13
|3.34
|4.02
|0.74
|3.27
| -40.81
| -25.33
|-
|2022-12-01
|76.44
| -9.40
|6.59
|3.21
| -12.89
| -2.92
|5.53
|1.44
|47.15
|}
 
==== February 2023 ====
*Oil prices have come down significantly since the peak to around $76, below pre-war levels<ref name=":0">https://oilprice.com/oil-price-charts/45</ref>. Prices increased in January 2023 from 75 to 77, a small increase.
*Oil prices have come down significantly since the peak to around $76, below pre-war levels<ref name=":0">https://oilprice.com/oil-price-charts/45</ref>. Prices increased in January 2023 from 75 to 77, a small increase.
*Futures market pricing more prices decline in coming months.<ref>https://www.cmegroup.com/markets/energy/crude-oil/light-sweet-crude.quotes.html</ref>
*Futures market pricing more prices decline in coming months.<ref>https://www.cmegroup.com/markets/energy/crude-oil/light-sweet-crude.quotes.html</ref>
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*Natural gas prices have come down also below pre-war levels.<ref name=":0" />
*Natural gas prices have come down also below pre-war levels.<ref name=":0" />


=== March 2023 ===
==== March 2023 ====


* Oil prices were mainly flat during march, just a small decline registered, from 77.69 at the begining of march to 75.61 at the end. The prices had a low of $66 at mid march. <ref>https://www.bloomberg.com/quote/CL1:COM</ref>
* Oil prices were mainly flat during march, just a small decline registered, from 77.69 at the begining of march to 75.61 at the end. The prices had a low of $66 at mid march. <ref>https://www.bloomberg.com/quote/CL1:COM</ref>
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* Despite the OPEC oil cuts, the future markets expect prices to decline to $76 at year end from current levels ($80.7).<ref>https://www.cmegroup.com/markets/energy/crude-oil/light-sweet-crude.quotes.html</ref>
* Despite the OPEC oil cuts, the future markets expect prices to decline to $76 at year end from current levels ($80.7).<ref>https://www.cmegroup.com/markets/energy/crude-oil/light-sweet-crude.quotes.html</ref>


=== April 2023 ===
==== April 2023 ====


* Oil prices were mainly flat during march at around $75. The prices had a high of $73 at mid march. <ref name=":2">https://www.bloomberg.com/quote/CL1:COM</ref>
* Oil prices were mainly flat during march at around $75. The prices had a high of $73 at mid march. <ref name=":2">https://www.bloomberg.com/quote/CL1:COM</ref>
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* The future markets continue to expect lower oil prices, now at $69.43 at year end. <ref name=":4">https://www.cmegroup.com/markets/energy/crude-oil/light-sweet-crude.quotes.html</ref>
* The future markets continue to expect lower oil prices, now at $69.43 at year end. <ref name=":4">https://www.cmegroup.com/markets/energy/crude-oil/light-sweet-crude.quotes.html</ref>


=== May 2023 ===
==== May 2023 ====
* Oil prices were very volatile during may, however it ended the month significantly lower than last month at about $68.  <ref name=":2" />
* Oil prices were very volatile during may, however it ended the month significantly lower than last month at about $68.  <ref name=":2" />
* Gasoline prices went from 3.711 to 3.684. Small decline of almost 1%.<ref name=":1" />
* Gasoline prices went from 3.711 to 3.684. Small decline of almost 1%.<ref name=":1" />
Line 28: Line 483:
* The future markets continue to expect lower oil prices, now at $66.95 at year end. <ref name=":4" />
* The future markets continue to expect lower oil prices, now at $66.95 at year end. <ref name=":4" />


=== June 2023 ===
==== June 2023 ====
*Oil prices were slightly down -1.9 m/m, but were volatile in a range from $72 to $67<ref name=":23">https://www.bloomberg.com/quote/CL1:COM</ref><ref name=":5">https://fred.stlouisfed.org/series/DCOILWTICO</ref>
*Oil prices were slightly down -1.9 m/m, but were volatile in a range from $72 to $67<ref name=":23">https://www.bloomberg.com/quote/CL1:COM</ref><ref name=":5">https://fred.stlouisfed.org/series/DCOILWTICO</ref>
*Gasoline prices were basically unchanged at 0.5% m/m, but increased a bit in the middle of the month. <ref name=":13">https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=pet&s=emm_epm0_pte_nus_dpg&f=w</ref><ref name=":6">https://fred.stlouisfed.org/series/GASREGW</ref>
*Gasoline prices were basically unchanged at 0.5% m/m, but increased a bit in the middle of the month. <ref name=":13">https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=pet&s=emm_epm0_pte_nus_dpg&f=w</ref><ref name=":6">https://fred.stlouisfed.org/series/GASREGW</ref>
Line 34: Line 489:
*Futures market is now pricing an increase in oil prices, at $72.32 at year end. <ref name=":422">https://www.cmegroup.com/markets/energy/crude-oil/light-sweet-crude.quotes.html</ref>
*Futures market is now pricing an increase in oil prices, at $72.32 at year end. <ref name=":422">https://www.cmegroup.com/markets/energy/crude-oil/light-sweet-crude.quotes.html</ref>


=== July 2023 ===
==== July 2023 ====


* Oil prices went up on average a significant 8.3% m/m in July 2023, going from $69.80 to $81.80. Still -25.1% y/y/. <ref name=":5" />
* Oil prices went up on average a significant 8.3% m/m in July 2023, going from $69.80 to $81.80. Still -25.1% y/y/. <ref name=":5" />
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* Futures market is now pricing an increase in oil prices, at $80.59 at year end.<ref name=":422" />
* Futures market is now pricing an increase in oil prices, at $80.59 at year end.<ref name=":422" />


=== August 2023 ===
==== August 2023 ====


* Oil prices went up on average a significant 7% m/m in August 2023. Still  a negative 13.1% y/y/. <ref name=":5" />
* Oil prices went up on average a significant 7% m/m in August 2023. Still  a negative 13.1% y/y/. <ref name=":5" />
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* Futures market is now pricing an increase in oil prices, at $86.01 at year end.<ref name=":422" />
* Futures market is now pricing an increase in oil prices, at $86.01 at year end.<ref name=":422" />


=== September 2023 ===
==== September 2023 ====


* Oil prices went up on average a significant 9.9% m/m in september 2023. And it had a 6.1% increase over september 2022. <ref name=":5" />
* Oil prices went up on average a significant 9.9% m/m in september 2023. And it had a 6.1% increase over september 2022. <ref name=":5" />
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* Futures market is now pricing an increase in oil prices, at $83.74 at year end.<ref name=":422" />
* Futures market is now pricing an increase in oil prices, at $83.74 at year end.<ref name=":422" />


=== October 2023 ===
==== October 2023 ====


* Oil prices declined on average 8.5% m/m in October 2023. And it had a 4% declined over october 2023. <ref name=":5" />
* Oil prices declined on average 8.5% m/m in October 2023. And it had a 4% declined over october 2023. <ref name=":5" />
Line 61: Line 516:
* Natural gas prices went up on average 13.1% m/m in september 2023, and -47.3% y/y. <ref name=":7" />
* Natural gas prices went up on average 13.1% m/m in september 2023, and -47.3% y/y. <ref name=":7" />
* Futures market is now pricing an increase in oil prices, at $77.78 at 2023 year end, and $74 for 2024.<ref name=":422" />
* Futures market is now pricing an increase in oil prices, at $77.78 at 2023 year end, and $74 for 2024.<ref name=":422" />
==== November 2023 ====
* Oil prices declined on average 9.28% m/m in November 2023. And it had a 7.9% declined over october 2022. <ref name=":5" />
* Gasoline prices went down -8.2% m/m, and -10 y/y.  <ref name=":6" />
* Natural gas prices went down on average 9.2 % m/m in september 2023, and -50.3 % y/y. <ref name=":7" />
* Futures market is now pricing an increase in oil prices, at $70.67 for 2024.<ref name=":422" />


== References ==
== References ==
Retrieved from "https://investmentwiki.mywikis.eu/wiki/Special:MobileDiff/10237"