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Crude gains 54 cents on temporary supply interruptions

Posted on: May 06, 2016

WTI rallied early but faded into the settle, eventually settling 54 cents higher at $44.32. The front future traded a $46 handle briefly as concerns about the Fort McMurray fires impacting supply sparked a rally which faded into the settle. WCS tightened significantly at the front of the curve, providing producers a good opportunity to lock in short term differentials.

This morning WTI is retreating in early trading.


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