Front Month ICE Brent Crude for March delivery gained $1.83 per barrel, or 2.13% to $87.89 this week
--Up for five consecutive weeks
--Up $14.37 or 19.55% over the last five weeks
--Largest five week gain since the week ending June 5, 2020
--Largest five week percentage gain since the week ending Sept. 24, 2021
--Longest winning streak since the week ending Oct. 22, 2021, when the market rose for nine straight weeks
--Up six of the past seven weeks
--Today it is down 49.00 cents or 0.55%
--Largest one day dollar and percentage decline since Monday, Jan. 10, 2022
--Down for two consecutive sessions
--Down 55.00 cents or 0.62% over the last two sessions
--Largest two day dollar and percentage decline since Monday, Jan. 10, 2022
--Today's settlement value is the third highest this year
--Off 0.62% from its 52-week high of $88.44 hit Wednesday, Jan. 19, 2022
--Up 58.62% from its 52-week low of $55.41 hit Friday, Jan. 22, 2021
--Rose 58.62% from 52 weeks ago
--Off 0.62% from its 2022 settlement high of $88.44 hit Wednesday, Jan. 19, 2022
--Up 11.28% from its 2022 settlement low of $78.98 hit Monday, Jan. 3, 2022
--Off 39.83% from its record high of $146.08 hit Thursday, July 3, 2008
--Month-to-date it is up 13.00%
--Year-to-date it is up $10.11 or 13.00%
All prices are calculated based on the settlement price of the current front month contract.
Source: Dow Jones Market Data
(END) Dow Jones Newswires
01-21-22 1514ET
