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Crude falls 48 cents

Posted on: June 16, 2016

The slide in crude markets continues. WTI settled 48 cents lower on Wednesday at $48.01 while Brent gave back 86 cents to settle at $48.97. The EIA announced supply declined by close to 1MM while Cushing saw a build of 0.9MM. Gasoline had a large draw and distillates had a small build.

The market was mainly focused on the Fed speech yesterday, which was moderately dovish. The dovish tone combined with worries about Brexit is weighing on commodity prices, with WTI trading a $47 handle as the USD gains strength.


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November 17, 2017

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November 17, 2017

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