OPEC has released its Monthly Oil Market Report for April 2015.
Here are some of the sections we found most interesting:
Crude Oil Price Movements
The OPEC Reference Basket retreated in March by $1.60 to $52.46/b as the market refocused on the oversupply situation as demand remained subdued. ICE Brent and Nymex WTI futures contracts also fell $1.86 and $2.87 to average $56.94/b and $47.85/b, respectively, for the month. The Brent-WTI spread widened to around $9/b.
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