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Crude settles at 48.51

Posted on: August 21, 2017

WTI prompt futures gained $1.42 and Brent $1.69 on Friday. Despite heavy inventory draw-down data, oil continued its descent and Friday's action resembled a strong comeback. To some extent, the rally was driven by profit taking in a thin market after heavy selling all week; however, the main driver of the price action was likely the fact that Saudi Arabia's crude exports have fallen to a three year low of 6.9 million barrels of oil a day.


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

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Crude prompt futures traded in a 69 cent range.

November 17, 2017

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November 14, 2017

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