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Crude Oil: Brexit Day

Posted on: 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. We continue to look for higher pricing as world demand continues to increase and production struggles to maintain volumes. 

Closer to home, we are seeing the WCS heavy discount widen slightly out to the 15USD level. Strength in the CAD$ continues to attract producers to locking in that differential to protect Alberta netbacks.

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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

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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