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Crude falls 23 cents

Posted on: June 01, 2016

WTI settled 23 cents lower on Tuesday at $49.10. An early rally fizzled out into the settle, as most participants focus on the OPEC meeting tomorrow. While the glare of the industry will certainly be on the meeting, I would not expect any revolutionary policy decisions as prices have rallied on short term outages.

SW continues to firm to WTI, providing producers the opportunity to lock in tight oil differentials.


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