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Crude trades sideways

Posted on: May 20, 2016

WTI did its best Hulk Hogan wrestling impression on Thursday. After taking a mean right hand that would make Andre the Giant blush courtesy of the Federal Reserve on Wednesday when they reiterated the possibility of a summer interest rate hike, WTI started Thursday down and out on the mat at a $46 handle. However, thanks to the boisterous cheers of millions and millions of WTI-amaniacs around the world, it was able to "Hulk up" and fight its way back to $48.16, a decline of 3 cents. The back of the curve even managed some small gains.

Enjoy the long weekend!


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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