Market Insights

April 7, 2017 • Posted in Market Insights

Week of April 3, 2017

  • Oil rebounded last week and WTI traded above the $50/bbl mark for the first time since March 10th as US crude inventories rose again last week but by a lower amount than was expected
  • Supply disruptions in Libya helped drive prices up
  • Weak demand and long supply in Asia is expected to prompt Saudi Arabia and others to cut prices on upcoming shipments to Asian customers
  • The Henry Hub spot natural gas price moved up slightly to $3.03 per mm. BTU
  • Inventories fell slightly but still remain well above the five-year average inventory level

WTI Crude Oil & Brent Crude Oil 04032017

M. Holland Company and Plastics News are collaborating to present an educational Fireside Chat April 12, 2017. This engaging conversation, conveniently delivered through live streaming media will discuss disruptive automotive technology and its impact on future vehicle interior design and material choice. Click the link below to register for this free event.

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