Oil prices

During March and April we normally have a peak in the oil price and this year is no exception. What we just now experience is that the price looks to stabilize above $100. During the summer we can expect a decline and it will b e interesting to see if we will land below $100. The next time we can expect an increase is in September, October and it will be interesting to see the roof then.

Information about energy prices March 18 was given by Oil&Gas Journal:

After losing $4.27/bbl in the previous session, the April contract for benchmark US light, sweet crudes regained $3.74 to $109.42/bbl Mar. 18 on NYMEX. The May contract escalated $4.27 to $108.50/bbl. On the US spot market, West Texas Intermediate at Cushing, Okla., was up $3.74 to $109.42/bbl. The April contract for reformulated blend stock for oxygenate blending (RBOB) jumped 15.58¢ to $2.66/gal on NYMEX. Heating oil for the same month gained 6.95¢ to $3.14/gal.

The April natural gas contract shot up 31.4¢ to $9.41/MMbtu on NYMEX. On the US spot market, gas at Henry Hub, La., lost 51¢ to $9.09/MMbtu.
In London, the May IPE contract for North Sea Brent crude increased $3.81 to $105.56/bbl. The April gas oil contract jumped by $17.75 to $975.25/tonne.

The average price for the Organization of Petroleum Exporting Countries' basket of 13 reference crudes lost $1.31 to $100.10/bbl on Mar. 18