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Our analysis of oil price movements does not necessarily represent the views of the Federal Reserve Bank of New York, the Federal Reserve System,
or the Federal Open Market Committee.
NY Fed / Research & Statistics Group 2017 Federal Reserve Bank of New York Oil Price Dynamics Report / April 17, 2017 1
Cumulative Weekly Decomposition, Jan 06-Apr 14, 2017 Recent Decomposition Data
. change
Percentage The chart at left depicts the cumulative oil price decomposition
20 20
Brent price from January 6, 2017.
Jan 6
$57.10 The table below presents the most recent cumulative values.
10 10
Residual
Cumulative Percentage Changes since January 6, 2017
0 0
Demand
Brent crude Demand Supply Rest Brent
price
-10 -10
Mar 31, 2017 0.3 -10.2 2.2 -7.8
Supply Apr 07, 2017 1.4 -8.8 4.1 -3.3
Apr 14, 2017 1.5 -8.3 4.4 -2.4
-20 -20
Jan 6 Feb 6 Mar 6 Apr 6
Sources: Authors calculations; Haver Analytics; Thomson Reuters; Bloomberg L.P.
Notes: Residual re ects price movements unexplained by supply and demand factors.
Supply, demand, and residual sum to Brent crude price.
-75 -75
NY Fed / Research & Statistics Group 2017 Federal Reserve Bank of New York Oil Price Dynamics Report / April 17, 2017 2
Oil Price Decomposition Q&A
.
NY Fed / Research & Statistics Group 2017 Federal Reserve Bank of New York Oil Price Dynamics Report / April 17, 2017 3