Oil Price - Oct 16

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dan_s
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Oil Price - Oct 16

Post by dan_s »

WTI is up 17c to $52.98/Bbl, and Brent is up 5c to $58.79/Bbl.
Natural gas is up 1.9c to $2.358/MMBtu.
Dan Steffens
Energy Prospectus Group
dan_s
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Re: Oil Price - Oct 16

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(Bloomberg) -- Crude oil prices climbed as U.S. President Donald Trump signaled a trade deal with China might be coming soon.

Futures rose as much as 1.6% on Wednesday in New York. President Trump said a trade deal with China will probably not be signed until a November meeting with Chinese President Xi Jinping at the APEC summit in Chile. Meanwhile, a weaker dollar also helped support the price of oil.

“The encouraging headlines surrounding the U.S.-China trade war and Brexit, seem more optimistic,” said Pavel Molchanov, a Houston-based analyst at Raymond James & Associates Inc. “In that sense, it’s perfectly reasonable for oil prices to show a bit of a bounce.”
Dan Steffens
Energy Prospectus Group
dan_s
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Joined: Fri Apr 23, 2010 8:22 am

Re: Oil Price - Oct 16

Post by dan_s »

Closing Prices:

WTI prompt month (NOV 19) was up $0.55 on the day, to settle at $53.36/Bbl.

NG prompt month (NOV 19) was down $0.036 on the day, to settle at $2.303/MMBtu.
Dan Steffens
Energy Prospectus Group
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