Tightening oil supplies across the globe have pushed prices of the commodity higher since the beginning of 2019.
But while crude prices are still showing positive momentum, analysts are still worried about volatility in the market.
As of Friday, West Texas Intermediate Crude ended trading fairly flat, up less than 0.5%. Meanwhile, RBC Capital Markets raised its 2019 forecast for Brent Crude to $75.
Petroleum Prices
Diesel and Gasoline (U.S. Averages)
Units
Current Price
1 Week Ago
Change vs. 1 Week Ago
Diesel
per gallon
$3.118
$3.093
+0.025
Gasoline
per gallon
$2.828
$2.745
+0.083
Crude Oil & Natural Gas
Units
Current Price
1 Week Ago
Change vs. 1 Week Ago
West Texas Intermediate Crude (Nymex)
per barrel
$63.72
$64.08
-0.36
Brent Crude (ICE)
per barrel
$71.34
$70.51
+0.83
Natural Gas (Nymex)
MMBtu
$2.59
$2.69
-0.10
Lumber Prices
Framing Lumber & Plywood Products
Current
1 Week Ago
2 Weeks Ago
Change vs. 1 Week Ago
Lumber – Random Lengths
$353
$358
$360
-$5
Panels – Random Lengths
$361
$366
$370
-$5
Board Feet (per 1000)
$348
$345.50
$365.70
+2.50
Latest Jobs Report
The economy added 196,000 jobs in March 2019, which is a big increase compared to February’s disappointing report of only 20,000 jobs added versus the previous month.
The average wage rose 3.2% versus a year ago, to $27.70 per hour.