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Oil Price Dynamics Report: Oil Prices Went Up Again This Week Owing To An Increase in Demand
Oil Price Dynamics Report: Oil Prices Went Up Again This Week Owing To An Increase in Demand
Our analysis of oil price movements does not necessarily represent the views of the Federal Reserve Bank of New York, the Federal Reserve System,
or the Federal Open Market Committee.
New York Fed / Research & Statistics Group ©2019 Federal Reserve Bank of New York Oil Price Dynamics Report / January 14, 2019 1
Cumulative Weekly Decomposition, Oct 01-Jan 11, 2019 Recent Decomposition Data
Percentage change
30 ∎ The chart at left depicts the cumulative oil price decomposition
Brent price
Oct 1, 2018
from October 1, 2018.
20
$84.94
∎ The table below presents the most recent cumulative values.
10
Supply
0
Residual Cumulative Percentage Changes since October 1, 2018
-10
-50 Supply
-75
-100
Brent crude
-125 price
-150
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Sources: Authors’ calculations; Haver Analytics; Thomson Reuters; Bloomberg L.P.
Notes: Residual reflects price movements unexplained by supply and demand factors.
Supply, demand, and residual sum to Brent crude price.
New York Fed / Research & Statistics Group ©2019 Federal Reserve Bank of New York Oil Price Dynamics Report / January 14, 2019 2
Oil Price Decomposition Q&A
New York Fed / Research & Statistics Group ©2019 Federal Reserve Bank of New York Oil Price Dynamics Report / January 14, 2019 3