Navigate Up
Sign In

Crude down 84 cents

Posted on: February 08, 2017

Crude falls $0.84 to settle at $52.17 amid a negative forecast in US crude inventory build and a strengthening USD. The build has been estimated at 2.5 million barrels according to a Bloomberg survey and the EIA will release actual figures later today. The dollar spot index, USD benchmark against 10 major currency peers, gained 0.6% and made USD denominated commodities such as crude WTI futures less attractive.

It is equally likely that futures lost value in anticipation of the DOE numbers to be published today and the overall speculative position in the market being fairly long, while some cautious investors sold off their position.


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.


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 | Supplier Resources

©ATB Financial 2019. All rights reserved. ATB Financial is a trade name/registered trademark.

ATB Financial