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Crude up $0.36

Posted on: November 10, 2017

There was a lack of WTI market data with a final settle of $57.17 while Saudi Arabia's energy minister discussed cutting crude exports by 120k/bpd in December (source: Bloomberg). In addition, the recent anti-corruption rally in Saudi Arabia has sparked optimism but the overall effect on oil supplies is indeterminate, if any. The tension in the Middle East is a contentious topic to say the least.

Brent-WTI January premium is $6.54 and has weakened in the last week, US exports have fallen.


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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