Oil Brief: Events That Shaped Last Week

Authored by Brynne Kelly 1/09/2022

The first trading week of 2022 was a good one for oil futures. This says a lot given the blockbuster rally seen in 2021. By the close of business on Friday, January 7, front-month WTI futures were up another 5% from year-end 2021 levels.

The difference between last week's rally and the rallies of 2021 is that they were n…