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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.


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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