Navigate Up
Sign In

Crude drops $0.56

Posted on: October 12, 2016

Not much happened in the crude markets on Tuesday, when Russia’s confirmation of a deal to cooperate with OPEC was fully priced out in Monday’s gain. President Putin elevated the possibility of agreeing to a production freeze or cut as we move closer to the formal November OPEC meeting in Vienna, although likely the former than latter will be executed.

The US dollar strengthened which curtailed the appeal of WTI prompt futures closing $0.56 lower to $50.79. A stranger occurrence with activists forcing a shutdown of five Canada - US pipelines that carry 2 million bpd brings into question short-term supply fluctuation. Crude is down in morning trading.

​​

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.

1-888-404-4646

Talk to a specialist

GlassdooreSSENTIAL Accessibility™Diversity and Inclusion

About ATB | Contact Us | Find a Branch or ABM | Current Rates | Privacy and Security | Legal | Code of Conduct | Site Map | Vendor Resources

2017 ATB Financial. All rights reserved. ®ATB Financial is a trade name/registered trademark of Alberta Treasury Branches.

ATB Financial