Navigate Up
Sign In

Crude down $0.49

Posted on: May 02, 2017

WTI futures contracts fell $0.49 to settle at $48.84. Libya has been ramping up production to 760k barrels per day after the re-opening of their largest oilfield, however, political uncertainty and militia attacks remain a concern that could disrupt short term production.

Baker Hughes increased rig count by 9 to 697 according to Baker Hughes last week, a significant growth, especially after considering the technological and infrastructural efficiencies that have increased the yields of today’s rigs. Bloomberg forecast of analysts has estimated a 3.5 million barrel decline in inventories for the Wednesday EIA report.


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