Navigate Up
Sign In

Crude falls $0.29

Posted on: October 26, 2017

WTI prompt contracts settled 29 cents lower to $52.18 on bearish EIA stockpile gains of 856K, slightly higher than the API forecast and considerably above the market estimate draw of 3 million. In addition to the inventory stockpile figures a climbing of US exports to 7.66 million (source: EIA) didn't fare well for crude either-- and don't expect exports to decrease anytime soon, especially with the considerably wide Brent-WTI spread of $6.26 making exports to higher priced markets favorable.

The Brent premium has also played its part in US output increasing 13% last week to 9.51 million according to Bloomberg. The bulls really only had the 3 pt increase in weekly refinery utilization to lessen the blow.


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.


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