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Posted January 12, 2017Today in Energy
Crude oil prices expected to increase slightly through 2017 and 2018 ›
The U.S. Energy Information Administration's January Short-Term Energy Outlook (STEO) forecasts benchmark North Sea Brent and West Texas Intermediate (WTI) crude oil prices to average $53 per barrel (b) and $52/b, respectively, in 2017, close to their levels during the last three weeks of 2016. These prices are expected to rise to $56/b and $55/b, respectively, in 2018. More›
Source: EIA, Short-Term Energy Outlook, January 2017
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Data Highlights
WTI crude oil futures price
1/11/2017: $52.25/barrels
down$1.01 from week earlier
up$21.81 from year earlier
Natural gas futures price
1/11/2017: $3.224/MMBtu
down$0.043 from week earlier
up$0.967 from year earlier
Natural gas inventories
1/6/2017: 3,160 Bcf
down151 Bcf from week earlier
down363 Bcf from year earlier
Crude oil inventories
1/6/2017: 483.1 million barrels
up4.1 million barrels from week earlier
up31.9 million barrels from year earlier
Weekly coal production
12/31/2016: 12.399 million tons
down2.802 million tons from week earlier
up0.493 million tons from year earlier
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