Wednesday, 02 January 2013 14:53

Evolution of the Price of Crude Oil

Evolution of the Price of Crude Oil in the Last Three Years and Current Year Forecast

Comparative prices between 2010, 2011, 2012 and what we expect from 2013.
EIA provide the price to $ 89 per barrel WTI average in the fourth quarter of 2012, $ 1 per barrel lower than in November STEO and average $ 88 per barrel in 2013. 

Implied volatility averaged 28 percent, establishing the lower and upper limits of the 95-percent confidence interval for the market's expectations of monthly average WTI Crude Oil prices in March 2013 at $71 per barrel and $113 per barrel, respectively  

EIA expects regular-grade gasoline retail prices, which averaged $3.53 per gallon in 2011, to average $3.63 per gallon and $3.43 per gallon in 2012 and 2013, respectively. 


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