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Crude moves $0.59 higher

Posted on: September 15, 2017

WTI prompt futures gained 59 cents to eventually settle at $49.89, breaking through $50 in intra-day trading and above the bullish 200 day MA technical cross level. Although the Hurricanes slowed down refinery demand in the prior weeks there will also be a higher utilization of energy demand during the rebuilding stage caused by the excessive damages—so it's a glass half empty situation.

OPEC's expectations for larger European and U.S crude demand hasn't hurt the rally either.


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

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NYMEX natural gas continued it’s decent on Thursday.

November 17, 2017

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