Oil & Fuels

Brent / WTI crude

Spot 7-day avg 30-day avg
85.588.391.093.896.5Jun 3Jun 9Jun 15Jun 20Jun 26Jul 2
+4.4%7-day avg above 30-day avgPrices trending higher

Why it matters

Moving averages help reveal the underlying direction of prices by smoothing out daily noise.

How to read it

When the 7-day average is above the 30-day average, prices are generally rising. When below, prices are easing.

In plain English

Oil & Fuels is trending higher than its recent baseline, so fuel and heating-oil costs may face upward pressure.