In the week since our last edition of What’s Affecting Oil Prices, Brent rose $1.13/bbl last week to average $67.04/bbl, stronger than our expectations.

WTI rose $1.39/bbl to average $57.81/bbl. For the week ahead, we expect prices to see marginal strength from the results of the Joint Ministerial Monitoring Committee (JMMC) meeting, with Brent averaging around $67.75/bbl.

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