Navigate Up
Sign In

Crude gained $1.14

Posted on: March 30, 2017

The big news for crude that drove WTI prompt futures $1.14 higher to settle at $49.51 was the lower than anticipated EIA inventory levels. The EIA reported a 867K build vs prior forecasts from Bloomberg and API at 2 and 1.9 million barrels respectively. On the OPEC side, exports (not production) showed a 419K barrel per day drop in Iran, Nigeria and Libya reduced exports by a combined total of 216K for the month of March.

Again, although the market may have responded bullishly keep in mind these are not production level reductions which are most pertinent to the OPEC agreement compliance. Additionally, the drop in Libya’s exports was not of choice but rather militia group interference closing down two of their main oil ports.

​​

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.

ATB Financial