Navigate Up
Sign In

Crude falls $0.61

Posted on: January 30, 2017

Prompt WTI futures took a loss on Friday falling by $0.61 to a final settle of $53.17 amid doubt on the OPEC production cut adherence in addition to an increase in US shale production. Saudi Arabia made a statement earlier last week that they had already cut 80% of production as pertaining to their agreement, however, analysts and investors are both awaiting concrete figures to make that assessment for themselves.

It should come as no surprise that with oil above the $50 mark US shale production and rig count has been increasing dramatically: Baker Hughes reported an increase in rig count by 15 for a cumulative total of 566; Bloomberg reported there has been 90 rigs added since the OPEC agreement in November.

​​

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.

1-888-404-4646

Talk to a specialist

GlassdooreSSENTIAL Accessibility™Diversity and Inclusion

About ATB | Contact Us | Find a Branch or ABM | Current Rates | Privacy and Security | Legal | Code of Conduct | Site Map | Vendor Resources

2017 ATB Financial. All rights reserved. ®ATB Financial is a trade name/registered trademark of Alberta Treasury Branches.

ATB Financial