Front Month ICE Brent Crude for Feb. delivery lost $1.71 per barrel, or 2.39% to $69.88 this week
--Down for six consecutive weeks
--Down $15.65 or 18.30% over the last six weeks
--Largest six week net decline since the week ending April 17, 2020
--Largest six week percentage decline since the week ending April 24, 2020
--Longest losing streak since the week ending Nov. 30, 2018, when the market fell for eight straight weeks
--Today it is up 21.00 cents or 0.30%
--Up for two consecutive sessions
--Up $1.01 or 1.47% over the last two sessions
--Largest two day dollar and percentage gain since Wednesday, Nov. 24, 2021
--Off 19.12% from its 52-week high of $86.40 hit Tuesday, Oct. 26, 2021
--Up 43.23% from its 52-week low of $48.79 hit Monday, Dec. 7, 2020
--Rose 41.89% from 52 weeks ago
--Off 19.12% from its 2021 settlement high of $86.40 hit Tuesday, Oct. 26, 2021
--Up 36.78% from its 2021 settlement low of $51.09 hit Monday, Jan. 4, 2021
--Off 52.16% from its record high of $146.08 hit Thursday, July 3, 2008
--Year-to-date it is up $18.08 or 34.90%
All prices are calculated based on the settlement price of the current front month contract.
Source: Dow Jones Market Data
(END) Dow Jones Newswires
12-03-21 1511ET