April 28, 2017
Libya reopened their largest oil field which added some skepticism into the markets and short-term pressure but it wasn’t all bad news.
April 27, 2017
Wednesday’s EIA numbers positively surprised the market with US inventories falling by 3.64 million barrels.
April 26, 2017
Prompt WTI contracts gained $0.33 and settled at $49.56 amid projections for a 1.75 million barrel decline in US crude inventories.
April 25, 2017
Crude prices fell 39 cents on Monday’s trading to close at $49.23.
April 24, 2017
WTI June futures broke the $50 support and tumbled $1.09 lower to settle at $49.62 for the day.
April 21, 2017
Crude trading was rather uneventful today and there isn’t much to discuss that hasn’t been said before.
April 20, 2017
The explanation for the rather dramatic decrease in WTI prompt futures remains a bit of a mystery as nothing boisterous hit news headlines.
April 19, 2017
Mark your calendars because on May 25th OPEC will meet to discuss extending their production cut agreement.
March 31, 2017
Turns out some verbal, non-binding statements from OPEC energy ministers played a large part in pushing WTI prompt futures past $50.
March 29, 2017
WTI gained $0.64 and settled at $48.37 driven by Libya’s halt of shipments from the Sharara field while facing continued political uncertainty.
March 28, 2017
The story of the boy who cried wolf couldn’t be more true for the statements that came out of the OPEC meeting over the weekend in Kuwait.
March 24, 2017
While the markets continue to digest the EIA build of 4.95 million on Wednesday.
March 23, 2017
Early Wednesday morning prompt futures were looking at over a $1.00 loss after the publication of the bearish EIA figures.
March 22, 2017
Another bearish day for WTI futures losing $0.88 and settling at $47.34 for the day.
March 21, 2017
WTI futures settled $0.56 lower closing at $48.22.
March 20, 2017
WTI prompt futures gained $0.03 on Friday settling at $48.78.
March 17, 2017
After the EIA 237k draw in US stockpiles (only 0.04% percent lower) the global crude markets still have a ways to go to meet equilibrium levels.
March 16, 2017
The highly anticipated weekly EIA numbers are in and they are more in line with the API forecast.
March 15, 2017
Crude WTI prompt futures continued their slide downward amid increased production levels for OPEC’s largest producer, Saudi Arabia, breaking above 10 million barrels per day. Production increased by 263k barrels last month in Saudi Arabia.
March 14, 2017
OPEC’s efforts to reduce global supply continue to meet with adversity from increased US production.
March 13, 2017
Crude WTI prompt contracts moved within a $1.80 range.
March 10, 2017
WTI prompt futures broke through the $50 support level trading in a volatile $2.25 range.
March 09, 2017
A bearish day for crude after the EIA US crude supply figures were released.
March 08, 2017
A slow day for crude WTI futures settling $0.06 lower to $53.14.
March 07, 2017
WTI futures traded within a tight range of 80 cents.
March 06, 2017
Crude bounced back on Friday after the loss incurred Thursday.
March 03, 2017
Crude prompt futures fell $1.22 on Thursday and settled at $52.61.
March 02, 2017
The prompt month for crude fell 14 cents during yesterday’s trading, and closed at $53.87.
March 01, 2017
Prompt WTI futures remained relatively unchanged holding a resistance at $55.
February 28, 2017
Crude prompt futures gained 6 cents on Monday’s trading and settled at $54.05.
February 27, 2017
Prompt WTI futures traded within a tight $0.75 range, facing resistance around the $55 mark.
February 24, 2017
Crude prompt futures gained $0.86 on Thursday and settled at $54.45.
February 21, 2017
Friday was a quiet day for crude markets.
February 17, 2017
WTI prompt futures gained $0.25 cents to a final close of $53.36 despite US crude stockpiles being at the highest level since 1982.
February 16, 2017
The EIA reported a 9.53 million barrel build in US crude inventories which was more than double the Bloomberg survey forecast.
February 15, 2017
WTI continued to rise amid high OPEC cut compliance announced earlier this week by the EIA.
February 14, 2017
WTI crude futures fell $0.93 settling at $52.93 for the day.
February 13, 2017
A bullish day for crude after the IEA reported 90% production cut implementation for the OPEC production cut accord.
February 10, 2017
Crude prompt futures gained 66 cents on Thursday and settled at $53.00.
February 09, 2017
Crude WTI futures made a 17 cent gain and settled at $52.34.
February 08, 2017
Crude falls $0.84 to settle at $52.17 amid a negative forecast in US crude inventory.
February 07, 2017
Prompt crude futures lost 82 cents and traded within a $1.22 range with a final settle price of $53.01.
February 06, 2017
WTI prompt futures gained $0.29 to a final close of $53.83 after President Trump put Iran under sanction for their ballistic missile testing.
February 03, 2017
Prompt WTI futures lost 34 cents after trading in a 85 cent range, settling at a final close of $53.54.
February 02, 2017
Prompt futures traded within a $1.27 range to eventually settle $1.07 higher.
February 01, 2017
Prompt crude futures traded within a $1.32 range.
January 31, 2017
Crude futures contracts didn’t experience much movement on the front today with a range of 70 cents and final settle of $52.63.
January 30, 2017
Prompt WTI futures took a loss on Friday falling by $0.61.
January 26, 2017
WTI prompt futures took a fall on bearish EIA inventory builds for both gasoline and crude.
January 25, 2017
Crude markets responded positively to President Trump’s advancement of the Keystone XL and Dakota Access pipelines.
January 24, 2017
Prompt WTI futures traded within a range of $1.26 for the day ultimately losing $0.47.
January 23, 2017
Crude prompt futures traded in a range of $1.51 and closed at $52.42, gaining $1.05 on Friday.
January 20, 2017
Oil gained $0.29 to a final close of $51.37 after the EIA disclosed last week’s US storage figures.
January 19, 2017
Crude fell after a statement made by the head of the International Energy Agency forecasted for an increase in US shale production.
January 18, 2017
Crude turns a slight gain of $0.11 closing the day at $52.48.
January 16, 2017
Libya, an OPEC member exempt from production cuts, continues to place pressure on the optimism surrounding the OPEC agreement.
January 12, 2017
Crude prompt futures traded through a range of $2.03 on Wednesday and closed at $52.25.
January 11, 2017
WTI prompt futures suffered their second day of losses moving within a range of $1.66.
January 06, 2017
Saudi Arabia signalled their continued commitment to the OPEC agreement cuts by meeting their pledged production values last month.
January 05, 2017
Crude WTI futures made a $0.93 gain, closing at $53.26, motivated by expectations of lower US inventories.
January 04, 2017
Pessimism looms over the crude markets as WTI futures contracts take a $1.39 tumble at the start of 2017.
January 03, 2017
Crude prompt futures traded in a range of $0.68 last Friday and settled at $53.72.
December 30, 2016
Crude prompt futures traded in a range of $0.75 on Thursday and settled the day at $53.77.
December 23, 2016
Crude WTI futures traded within a $1.11 range, settling $0.46 higher at $52.95.
December 22, 2016
WTI prompt futures lost $0.81 on the day to settle at $52.49.
December 21, 2016
Crude market was relatively quiet on Tuesday with the January contract expiring up $0.11 on the day.
December 20, 2016
WTI prompt futures gained $0.22 on Monday to settle at $52.12.
December 19, 2016
Crude rallied a bit on Friday, gaining $1.00 on the day to settle at $51.90.
December 15, 2016
Crude prompt futures dropped $1.94, settling the day at 51.04.
December 14, 2016
Crude had a small gain of $0.15 yesterday.
December 14, 2016
Overnight action was muted as we gets closer to the FOMC rate decision at 12pm MST today.
December 12, 2016
WTI futures traded $0.66 higher at a $51.50 Friday close.
December 09, 2016
Crude made it back over the $50 mark on Thursday's trading, gaining back much of the ground lost on the previous day.
November 30, 2016
Crude fell $1.85 on Tuesday on speculation heading into the OPEC meeting.
November 29, 2016
WTI crude rose $1.02 on Monday’s trading, closing the day at 48.08.
November 24, 2016
Prompt WTI futures settled $0.07 lower at $47.96/bbl.
November 23, 2016
Prompt WTI futures fell 21 cents to close at $48.03, moving within a $2.03 range on Tuesday.
November 22, 2016
WTI enjoyed a nice rally yesterday, with the front future settling $1.80 higher.
November 21, 2016
WTI gained 27 cents at the front of the curve on Friday, settling at $45.69.
November 18, 2016
WTI slid a bit at the front of the curve yesterday, with the prompt contract giving back 15 cents.
November 17, 2016
WTI fell 24 cents at the front of the curve yesterday, settling at $45.57.
November 16, 2016
WTI went on a tear yesterday, with the front future gaining $2.49.
November 15, 2016
Crude fell 9 cents on Monday after trading in a range $1.61.
November 10, 2016
WTI traded in a range of $2.88 on Wednesday before closing the day at $45.27.
November 08, 2016
Although there was no material information or progress concerning the OPEC agreement on Monday, Crude WTI Prompt Futures gained $0.82.
November 07, 2016
Last Friday finished the week off on a pessimistic note where Crude WTI Prompt contracts continued their losing streak.
November 04, 2016
Crude down again on Thursday, losing $0.685 and settling at $44.66.
October 31, 2016
Friday was not the best day for Crude, or Hilary Clinton’s campaign for that matter.
October 28, 2016
The EIA came out with their Wednesday figures and reported a draw of 600,000 barrels in US crude. This optimistic draw is being met with contradictory feelings driven by the ups and downs of OPEC members seeking exemption, as well as resistance from Russi
October 27, 2016
Crude prompt futures continued to slide on Wednesday, falling $0.78 and closing the day at $49.18.
October 24, 2016
WTI managed a small gain to end the week, with the front future up 22 cents.
October 21, 2016
Crude Prompt WTI drops $1.17 closing at $50.43 on Thursday.
October 19, 2016
Crude prompt futures gained $0.35 on Tuesday settling at $50.29.
October 18, 2016
Crude broke below $50 with prompt WTI future close of $49.94.
October 14, 2016
Thursday was an exciting day for natural gas with a gain of 13.1 cents.
October 14, 2016
WTI prompt future gained $0.26 on Thursday after trading in a range of $1.23.
October 13, 2016
Crude drops for the second day and settled $1.17 lower.
October 12, 2016
Not much happened in the crude markets on Tuesday, when Russia’s confirmation of a deal to cooperate with OPEC was fully priced out in Monday’s gain.
October 11, 2016
Crude prices gained $1.54 on Monday and settled at $51.35.
October 07, 2016
Crude continued its bullish run on Thursday making it the 7th straight day of gains.
October 06, 2016
Crude prompt futures traded within an 83 cent range in day trading Wednesday.
October 05, 2016
WTI prompt future to adjust downwards by $0.12 closing at $48.69.
October 04, 2016
The OPEC agreement to cut output continues to fuel the prompt futures WTI to a three month New York high.
October 03, 2016
Oil finished off last week with an 8.1% gain.
September 30, 2016
Crude rose yesterday as markets continued to react to the proposed cut in production amongst OPEC members.
September 29, 2016
Exciting day in the crude markets Wednesday, as OPEC outlined an agreement to limit production.
September 28, 2016
Hopes of reaching an agreement at the OPEC meeting continued to fade as Iran rejected the offer from Saudi Arabia to freeze production.
September 27, 2016
Pessimism still loomed in the air as the highly anticipated informal OPEC meeting in Algeria commenced.
September 23, 2016
Another good day for crude as WTI prompt futures gain $0.98 on Thursday’s trading.
September 22, 2016
Crude prompt futures gained $1.29 yesterday settling at $45.34.
September 21, 2016
WTI for October settled $0.14 higher on Tuesday.
September 20, 2016
WTI managed a small gain to start the week, with the front future settling 27 cents higher.
September 19, 2016
WTI continued to slide on Friday, shaving another 88 cents to settle at $43.03.
September 16, 2016
The dive in crude markets took a quick breather on Thursday.
September 15, 2016
Despite a surprise draw in crude inventories, WTI continued to slide on Wednesday.
September 13, 2016
Despite starting the trading session weaker on higher supply numbers.
September 12, 2016
WTI pared gains from earlier in the week on Friday, with the front future settling $1.74 lower at $45.88.
September 08, 2016
WTI continued to bounce around the mid 40s on Wednesday.
September 06, 2016
WTI went into the holiday weekend on a strong note.
September 01, 2016
WTI tumbled on Wednesday alongside the rest of the crude markets.
August 29, 2016
WTI started off strong on Friday but faded into the settle.
August 26, 2016
WTI managed a small gain after Wednesday's selling.
August 25, 2016
Crude bulls got a bit of a wake up call on Wednesday.
August 23, 2016
WTI for September expired $1.47 lower at $47.05 on Monday.
August 22, 2016
WTI ended a week of 5 positive settles with a gain of 30 cents to settle at $48.52. Despite poor US inflation data and another increase in rig counts WTI was able to hold on to its gains at the front of the curve. If early trading today is any indication,
August 18, 2016
The crude complex continues to climb.
August 17, 2016
Crude API numbers showed builds in both crude and distillates and the complex is off slightly this morning.
August 16, 2016
Crude continued its recovery off recent lows yesterday.
August 15, 2016
Crude oil has seen a nice bump in pricing as of late.
August 11, 2016
WTI stumbled after a decent rally over the last few sessions.
August 08, 2016
WTI was under pressure all session on Friday, as a strong US jobs report helped the USD gain strength.
August 03, 2016
WTI managed to overcome early optimism to end the day in the red again, settling below $40 at $39.51.
August 02, 2016
WTI started August off with a whimper, sliding $1.54 lower to settle at $40.06.
July 29, 2016
Sticking to the musical theme of today, crude markets continued to get low on Thursday. And it was not the apple-bottomed jeans or the boots with the fur driving the move, but continued supply and storage concerns.
July 27, 2016
Another day, another red settle for WTI.
July 26, 2016
As famous WTI bear Kesha once said: WTI's going down...I'm yelling timber!
July 21, 2016
Green across the board for the crude complex yesterday, with WTI settling 29 cents higher at $44.94.
July 20, 2016
Like a one-sided game of Snakes & Ladders, WTI continues its slide lower.
July 19, 2016
Just like participants who attended the Stampede wrap-up featuring notable crude prognosticators Ice Cube and Flo Rida, crude had a bit of a rough Monday.
July 18, 2016
WTI staged an afternoon rally on Friday, settling 27 cents higher at $45.95.
June 30, 2016
Crude bounced over USD2.00 yesterday, in a busy trading day before the Canadian and US holidays.
June 29, 2016
WTI recovered some of the losses of the previous two sessions on Tuesday, with the front future settling $1.52 higher at $47.85.
June 28, 2016
WTI struggled again on Monday, with the front future settling $1.31 lower at $46.33.
June 27, 2016
Like many assets, oil fell victim to the surprise results of the Brexit vote.
June 23, 2016
Crude fell yesterday as concerns about Brexit suppressed risk appetite. It has recovered slightly this morning hovering just under the USD50 mark.
June 21, 2016
Will they or won't they? Until Brexit is resolved, don't expect volatility to diminish.
June 20, 2016
WTI finished the week off strong, settling $1.77 higher on Friday at $47.98.
June 17, 2016
Markets are in full risk-off mode ahead of Brexit and crude is no exception.
June 16, 2016
The slide in crude markets continues. WTI settled 48 cents lower on Wednesday at $48.01.
June 15, 2016
WTI continued its retracement on Tuesday, with the front future settling 39 cents lower at $48.49.
June 14, 2016
WTI dipped back into the $48s on Monday, eventually settling 19 cents lower at $48.88.
June 13, 2016
WTI dropped back below $50 on Friday, settling $1.49 lower at $49.07.
June 07, 2016
WTI started the week off strong, with the front future gaining $1.07 to settle at $49.69.
June 06, 2016
WTI declined on Friday, with the front future settling 55 cents lower at $48.62.
June 02, 2016
WTI settled 9 cents lower on Wednesday at $49.01 while Brent dropped 17 cents to settle at $49.72.
June 01, 2016
WTI settled 23 cents lower on Tuesday at $49.10.
May 31, 2016
WTI had a choppy trade on Friday, as liquidity was low ahead of the long weekend.
May 27, 2016
WTI and Brent managed to break above $50 on Thursday before retreating to $49 handles.
May 26, 2016
"Buy the rumour, sell the fact, buy the dip" was the theme of yesterday in the crude market.
May 25, 2016
WTI gained 54 cents on Tuesday to settle at $48.62.
May 24, 2016
WTI for June rolled off at $48.08, 33 cents lower.
May 20, 2016
WTI did its best Hulk Hogan wrestling impression on Thursday.
May 19, 2016
WTI could not maintain early momentum on Wednesday, eventually settling down 12 cents at $48.19. The rally started when the EIA report was released showing large draws in product stocks and a large jump in refinery utilization.
May 12, 2016
WTI staged another rally on Wednesday, with the front month gaining $1.57 to settle at $46.23.
May 11, 2016
Say it with me now: Supply Disruption!
May 10, 2016
WTI had a down day to start the week, with the front future falling over a dollar to settle at $43.44.
May 09, 2016
Crude oil is off about 60cents this morning, despite continued supply reductions due to the fires in Northern Alberta.
May 06, 2016
WTI rallied early but faded into the settle, eventually settling 54 cents higher at $44.32.
May 05, 2016
WTI had a choppy day on Wednesday, settling up 13 cents at $43.78.
May 03, 2016
WTI struggled to start the week, with the front future settling $1.14 lower at $44.78.
May 02, 2016
WTI fizzled on Friday, losing early momentum before rallying off the low to eventually settle 11 cents lower at $45.92.
April 29, 2016
WTI kept up the charge on Thursday, with the front month gaining 70 cents to settle at $46.03.
April 28, 2016
Wow. Talk about a volatile day. The chaos started after the settle on Tuesday when APIs came out better than expected.
April 27, 2016
WTI rebounded in dramatic fashion on Tuesday, with the front future gaining $1.40 to settle at $44.04.
April 26, 2016
Like gas, oil started the week in an optimistic mood, however that was quick to dissipate.
April 25, 2016
WTI managed to rebound on Friday, regaining ground lost on Thursday.
April 22, 2016
WTI pulled back a bit on Thursday, with the June future settling a dollar lower at $43.18.
April 21, 2016
WTI for May finished with a bang, settling $1.55 higher at $42.63.
April 20, 2016
WTI showed some resilience yesterday, with the front of the curve gaining over a dollar to settle at $41.08.
April 19, 2016
After cratering in the premarket thanks to the Doha meetings lack of results, WTI managed to rally as the session went on and finished 58 cents lower at $39.78.
April 18, 2016
WTI tumbled over a dollar on Friday to settle at $40.36, and is down almost another $2 this morning.
April 15, 2016
WTI gave back some ground on Thursday, with the front future settling 26 cents lower at $41.50.
April 14, 2016
A bit of retracement yesterday in crude markets, with WTI falling 41 cents to settle at $41.76.
April 13, 2016
Another strong rally in crude markets yesterday. WTI gained close to $2 to settle at $42.17 while Brent gained $1.86 to settle at $44.69.
April 12, 2016
WTI broke through the $40 level on Monday, with the front future reaching a high of $40.75 before eventually settling 64 cents higher at $40.36.
April 11, 2016
Crude markets staged a strong rally to finish the week, with WTI gaining $2.46 at the front of the curve to settle at $39.72.
April 11, 2016
Gas had another quiet session on Friday, with the front future down 3 cents to settle at $1.99.
April 08, 2016
WTI retreated slightly on Thursday, with the front future falling 49 cents to settle at $37.26. This move was not unexpected given the large run up on Wednesday, and crude followed equity markets lower.
April 07, 2016
Crude markets rallied across the board on Wednesday, with WTI settling $1.86 higher at $37.75.
April 06, 2016
WTI churned along for most of the session before catching a bid heading into the settle.
April 05, 2016
WTI is falling faster than Shane McMahon did from the top of Hell in the Cell at Wrestlemania, with the May future settling below $36 at $35.70.
April 04, 2016
WTI finished the week with a rough session, falling $1.55 to settle at $36.79.
April 01, 2016
It looked like WTI would have a strong rebound session on Thursday, as the curve pushed a $39 handle early on.
March 31, 2016
WTI traded opposite to gas, starting the day off with a rally that fizzled into the close.
March 30, 2016
WTI struggled on Tuesday, with the May future giving back over a dollar to settle at $38.28.
March 29, 2016
WTI had a quiet day on Monday, with the prompt contract settling 7 cents lower at $39.39.
March 24, 2016
WTI has had a tough last 36 hours, retracing ever since API released inventory numbers Tuesday afternoon.
March 22, 2016
WTI for April expired on Monday, rolling off 47 cents higher at $39.91.
March 18, 2016
The momentum in oil markets continued on Thursday, as WTI gained another $1.74 to settle at $40.20 while Brent gained $1.21 to settle at $41.54.
March 16, 2016
WTI picked up where it left on Monday, with the curve selling off again.
March 15, 2016
WTI did not have a strong start to the week, falling $1.32 to settle at $37.18.
March 14, 2016
WTI settled above $38 on Friday, with the front future gaining 66 cents to finish the week at $38.50. The main driver was an IEA report that showed production in non-OPEC nations was lower than expected.
March 10, 2016
WTI benefited from a large gasoline withdrawal on Wednesday, as the front future gained $1.79 to settle at $38.29. Other signs from the report the bulls will point to is an increase in refinery utilization.
March 09, 2016
WTI retreated a bit on Tuesday after a streak of strong sessions.
March 08, 2016
The rally in WTI continued on Monday, as the curve broke higher to eventually settle at $37.90.
March 07, 2016
WTI continued to churn higher on Friday, with the front month gaining $1.35 to settle at $35.92.
March 04, 2016
Volatility continued to diminish amid a quiet day in the oil markets on Thursday. After a short lived rally to $35.30 in the morning, the WTI prompt sold-off and traded in a tight range around the final settle at 34.57.
March 03, 2016
WTI gained 26 cents at the front of the curve on Wednesday, settling at $34.66.
March 02, 2016
WTI gained 65 cents on Tuesday to settle at $34.40, while Brent was up almost a quarter to settle at $36.81. Positive economic data sparked the rally, as manufacturing and construction spending was greater than expected.
March 01, 2016
WTI had a nice start to the trading week, with the front future gaining 97 cents to settle at $33.75.
February 26, 2016
WTI staged another rally on Thursday, with the front month gaining 92 cents to settle at $33.07.
February 25, 2016
WTI managed to rebound into the close after selling off early. The front future settled 28 cents higher at $32.15.
February 24, 2016
WTI tumbled in the first day of April's reign as prompt future, with said front future settling down $1.52 at $31.87.
February 23, 2016
WTI gained $1.84 to start the week, settling at $31.48 as the March contract rolled off.
February 19, 2016
WTI struggled for traction on Thursday, with some selling further out the curve while the front future managed to...