Navigate Up
Sign In

Crude gains $0.46

Posted on: July 17, 2017

Shale drillers added 2 rigs to total 765 according to Baker Hughes last week. IEA raised demand estimates for 2017 by 100k/ bpd to 1.4 million/ bpd. The spreads between light/ heavy crude have tightened as Countries in the East have favored production of lighter oil, cutting production of heavy/medium grades to meet OPEC production caps; On the topic of caps, Nigeria has so far agreed to cap production at 1.8 million barrels. Taking all this into consideration the bulls outweighed the bears for the day and WTI prompt futures made a marginal $0.46 gain to settle at $46.54.


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

©ATB Financial 2019. All rights reserved. ATB Financial is a trade name/registered trademark.

ATB Financial