Full Title: Short-Term Energy Outlook Market Prices and Uncertainty Report
Author(s): N/A
Publisher(s): United States Energy Information Administration
Publication Date: December 1, 2014
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Description (excerpt):
Crude oil prices continued to move lower in November and recorded their fifth consecutive month of declines. The North Sea Brent front month futures price settled at $69.64/bbl on December 4, a decline of $15.14/bbl from November 3 (Figure 1). The front month West Texas Intermediate (WTI) contract price settled at $66.81/bbl on December 4, decreasing by $11.97/bbl since the start of November. The settle price for Brent was below $70/bbl for the first time since early 2010.