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Crude Oil: Tuesday, March 1

Posted on: March 01, 2016

WTI had a nice start to the trading week, with the front future gaining 97 cents to settle at $33.75. Over the weekend China cut its reserve ratio to try and spur economic growth, which sparked buying on Monday. OPEC production declined by about 80k barrels/day in February. It's a start, but the cuts will need to be much more significant to inspire significant price recovery.

This morning we are trading back above $34 as North America returns to work.

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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

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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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