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Crude up by $0.72

Posted on: March 06, 2017

Crude bounced back on Friday after the loss incurred Thursday. Prompt futures gained 72 cents after trading in a range of $0.84 and settled at $53.33/bbl. Brent was up by $0.82 and closed at $55.90. Oil prices recovered after news that Libya’s biggest oil port was seized by the Benghazi Defense Brigades. Bloomberg has reported that crude exports from the Es Sider and Ras Lanuf ports have been suspended, with production falling to 650,000 barrels per day.

The number of active rigs in the US rose by 7 according to Baker Hughes.


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NYMEX natural gas climbed 4.4 cents higher on Friday.

November 20, 2017

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Crude prompt futures gained $1.41 on Friday to close the day at $56.55.

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Crude prompt futures traded in a 69 cent range.

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Cold weather emerged over the long weekend in the US Midwest to East as anticipated.


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