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Crude up $1.00

Posted on: December 19, 2016

Crude rallied a bit on Friday, gaining $1.00 on the day to settle at $51.90. Brent was up by $1.19 to close at $55.21. With the dust now settled on the Fed announcement last week, focus for the crude market has been drawn back to the OPEC agreement for production cuts, and how soon it will stabilize inventory levels.

According to Baker Hughes, active US rig counts rose by 12 last week and now totals 510.

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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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