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Crude gains $0.06

Posted on: February 28, 2017

Crude prompt futures gained 6 cents on Monday’s trading and settled at $54.05. Brent closed in the red at $55.93, falling 6 cents. In oil news, OPEC and non-OPEC producers have achieved 86% compliance in last month in their efforts to relieve the global glut in supply. With that in mind we are seeing crude prices bound to a tight range, and consistently floating around the $55 mark.

Since the cuts took place last January, oil has traded above $50, though the sentiment is there is strong resistance moving closer to $60 as US shale producer’s ramp up production.


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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