Navigate Up
Sign In

Crude loses $0.11

Posted on: March 17, 2017

After the EIA 237k draw in US stockpiles (only 0.04% percent lower) the global crude markets still have a ways to go to meet equilibrium levels. The Saudi Arabian energy minister expressed concern over US shale production levels but remained seemingly adamant that “we want to signal we will do what it takes to bring a healthy industry balance”.

Saudi Arabia will review at the end of the second quarter the need to extend the OPEC production cut agreement. OPEC member Iraq aims at achieving 5 million barrels a day output with February exports coming in at 3.87 million a day. Trading volumes on prompt futures are 12% higher than the 100 day average with high levels of volatility exhibited. Overall, WTI prompt futures fell $0.11 to settle at $48.75 for the day.

​​

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 | Supplier Resources

2018 ATB Financial. All rights reserved. ®ATB Financial is a trade name/registered trademark of Alberta Treasury Branches.

ATB Financial