Navigate Up
Sign In

Crude drops $1.61 lower

Posted on: September 11, 2017

WTI prompt contracts followed a similar reaction to Hurricane Irma, bringing into question the reduced demand coming from Florida. Combine that with a large gain reported by the EIA for crude inventory, the highest since March, and a rig count drop of 3 to 756 according to Baker Hughes and you have a $1.61 decrease in WTI to settle at $47.48 as of Friday. The only thing really working in crude's favor was the rig count decrease.

Headlines from OPEC extensions discussions have been blurred out from the severity of the Hurricane but I would expect they will start coming through within the next week.


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.


Talk to a specialist

GlassdooreSSENTIAL Accessibility™Diversity and Inclusion

About ATB | Contact Us | Find a Branch or ABM | Current Rates | Privacy and Security | Legal | Code of Conduct | Site Map | Supplier Resources

©ATB Financial 2019. All rights reserved. ATB Financial is a trade name/registered trademark.

ATB Financial