Navigate Up
Sign In

Crude rallies above $37

Posted on: April 07, 2016

Crude markets rallied across the board on Wednesday, with WTI settling $1.86 higher at $37.75. APIs started the buying Tuesday afternoon, when predictions of a large draw surprised the market.

When the EIA confirmed the report Wednesday morning with a draw of almost 5MM compared to expectations of a build close to 3MM, participants started hammering on the bid. Increased refinery utilization and reduced imports also helped optimism, however the overall picture is not much rosier.

This morning the market is retreating a bit in early trading.


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