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Crude gains $0.19

Posted on: June 30, 2017

WTI prompt futures gained $0.19 to settle at $44.93 marking the sixth consecutive gain amid a decrease in US production by 100K barrels per day. However, the decline is bittersweet as it is likely due to field maintenance and tropical storm Cindy disruptions according to Bloomberg.

The UAE energy minister stated a discussion on deepening production cuts during next month’s OPEC meeting will not be considered as OPEC has “done their part” so far.

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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.

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