WTI crude oil prices are up 8% these past two weeks to $77.20/barrel. Brent crude oil prices are also up 8% over the past two weeks crossing over the $80/barrel price point.
BlueClover has remained constructive crude oil pricing as continued global demand pulls from supply. Since the 3rd quarter of 2020 through the end of 2021 (18 months), oil stock withdrawals have averaged…
Natural gas prices are flat, only down 2% over the past two weeks to a spot price of $3.77/mmbtu.
Physical PGP prices in Enterprise’s system in Mont Belvieu, TX have been stable around 48cpp the past two weeks with many market participants out last week due to the holidays.
The December monthly average for physical PGP was 48.9cpp according to the PetroChem Wire. This number was approx. 7cpp less than the December contract PGP price of 56cpp, which is historically a large spread…