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Crude gains $0.06

Posted on: September 05, 2017

Prior to the long weekend Crude futures closed 6 cents higher to settle at $47.29. As of this morning WTI has rallied past $48, partially driven by Hurricane Irma—a dangerous Category 5 storm making its way to Florida and posing a threat to the U.S. Gulf of Mexico oil markets. In addition, Goldman Sachs has made estimates that the Gulf coast restart after Harvey will likely have 2 million bpd remain offline until Thursday. This is down from a peak of 4.6 million bpd.

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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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