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The MSR - Monthly Statistical Report
The average price of WTI fell declining 4.2% from $89.43 per barrel to $85.64 per barrel in October. Prior to October, the average price for WTI from July to September had been increasing, averaging 8.4% month-over month - mostly from concerns over supply risks from geopolitical tension. Prices eventually shed the war premium - from October 1 through October 30, WTI oil prices fell $5.78 per barrel. The conflict does have the potential of having a significant impact on supply. U.S. seasonal refinery maintenance work continued into October and removed on average 0.7 million barrels per day of operable capacity. ... (full story)