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Crude prices slide $0.19

Posted on: November 17, 2017

Crude prompt futures traded in a 69 cent range, and hit a high of $55.62 before peeling back and closing the day at $55.14. Brent prices fell 51 cents and settled at $61.36. We are now less than two weeks away from the OPEC meeting in Vienna and market participants have no clear indication on where this will go.

Saudi Arabia and other OPEC producers have expressed interest in extending the production cut agreement, which expires next March, however Russia is not convinced that is the best course of action.


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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