Market Insights

February 17, 2017 • Posted in Market Insights

Week of February 13, 2017

  • Brent closed up just $0.14/bbl while WTI closed up $0.32/ bbl in a volatile trading week
  • Another increase in the U.S. active oil rig count and continued high U.S. crude and distillate inventory levels kept a lid on upward price movement despite OPEC success in obtaining 92% compliance to the production cut deal reached agreed in late 2016
  • Natural dropped from $3.19 to $3.12 per MMBtu NYMEX on Thursday with current stocks above the five-year average and the weather outlook mild

WTI Crude Oil & Brent Crude Oil 02132017

 

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