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Crude losses $0.15

Posted on: November 08, 2017

It was a tight range and low volume trading day that sent the WTI prompt futures 15 cents downward to settle at $57.20 while market participants await the EIA weekly inventory report. The current estimate is somewhere around the 1.5- 2.5 million barrel draw range.

Weighing on crude was the appreciation of the USD against the G10 peers and the recent OPEC forecast for US shale output to rise to 7.5 m/bpd (or more dramatically, 56% higher than the forecast a year earlier) referencing a report by the EIA.


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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