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Crude up by $0.31

Posted on: August 18, 2017

Crude prompt futures gained 31 cents on Thursday to close at $47.09. Brent was up 76 cents and settled at $51.03. The differential between WTI and Brent continues to spread, likely due to the Saudi Arabia and OPEC production cuts, and the supply in light oil. With the strong oil fundamentals currently, there are still remaining doubts in the market.

US inventories have produced strong figures for the last 7 weeks, much of which is attributed to seasonality.


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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