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Crude Oil: Tuesday, March 1

Posted on: March 01, 2016

WTI had a nice start to the trading week, with the front future gaining 97 cents to settle at $33.75. Over the weekend China cut its reserve ratio to try and spur economic growth, which sparked buying on Monday. OPEC production declined by about 80k barrels/day in February. It's a start, but the cuts will need to be much more significant to inspire significant price recovery.

This morning we are trading back above $34 as North America returns to work.


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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