Navigate Up
Sign In

Crude falls $0.20

Posted on: March 23, 2017

Early Wednesday morning prompt futures were looking at over a $1.00 loss after the publication of the bearish EIA figures, but losses were mitigated as attention shifted to lower gasoline stockpiles. So just how bearish were the EIA values exactly? A build of 4.95 million barrels was published which is higher than both the API and Bloomberg analyst forecast earlier in the week (4.5mb and 3mb, respectively).

It is important to note the 4.95mb included imports that were not able to come through the previous week due to foggy weather in the Houston shipping channel. Cushing stockpiles rose by 1.42 million barrels and American crude production increased to 9.13mbd. Rig count up to 631. Overall, WTI May prompt lost 20 cents to settle at $48.04.


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

2018 ATB Financial. All rights reserved. ©ATB Financial is a trade name/registered trademark.

ATB Financial