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Crude makes marginal $0.01 gain

Posted on: May 15, 2017

A fairly stable day for last week’s close on crude, but hey, boring isn’t necessarily a bad thing is it? NYMEX WTI prompt futures only gained $0.01 to settle at $47.84 with a tight trading range of 65 cents. The main information distributed was pertaining to the Baker Hughes rig count, which to no surprise was a further increase, with the largest contribution in rigs coming from Permian (8 added). We hope you had an excellent weekend and came back well rested to see what is in store for this week.

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