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Crude falls $0.98

Posted on: August 25, 2017

Market participants are still digesting the favorable draw in US crude earlier this week and Wednesday's gains were taken back to settle at $47.43. US oil production was 9.53m/bpd as of last week which is the highest level since July 2015. Hurricane Harvey is also impacting the crude markets, with the risk of shutdowns and potentially damage repair for refiners. The severity will remain inconclusive until this weekend contingent on movement patterns.

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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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