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Crude losses $0.75

Posted on: October 20, 2017

Gasoline and Distillate weighed on prices, gaining 908k and 528k barrels respectively. Crude output in Northern Iraq is still not back to full capacity but the tension in the Kirkuk province has been easing slightly. OPEC has expressed there intentions on extending cuts to the end of next year and was backed by Russian President Putin earlier this month.

The next official OPEC meeting will take place in Vienna on November 30th.. expect some headlines to pump out that day. WTI settled 75 cents lower to $51.29 for the day.

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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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