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Crude trades sideways

Posted on: May 20, 2016

WTI did its best Hulk Hogan wrestling impression on Thursday. After taking a mean right hand that would make Andre the Giant blush courtesy of the Federal Reserve on Wednesday when they reiterated the possibility of a summer interest rate hike, WTI started Thursday down and out on the mat at a $46 handle. However, thanks to the boisterous cheers of millions and millions of WTI-amaniacs around the world, it was able to "Hulk up" and fight its way back to $48.16, a decline of 3 cents. The back of the curve even managed some small gains.

Enjoy the long weekend!

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Most Recent Market Updates

November 20, 2017

Natural gas gains 4.4 cents

NYMEX natural gas climbed 4.4 cents higher on Friday.

November 20, 2017

Crude gained $1.41

Crude prompt futures gained $1.41 on Friday to close the day at $56.55.

November 17, 2017

Natural gas falls 2.7 cents

NYMEX natural gas continued it’s decent on Thursday.

November 17, 2017

Crude prices slide $0.19

Crude prompt futures traded in a 69 cent range.

November 17, 2017

USDCAD range bound as Canadian CPI uneventful

Domestically we saw the biggest release of the week a few minutes ago.

November 14, 2017

Natural gas loses 5 cents

Cold weather emerged over the long weekend in the US Midwest to East as anticipated.

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