Oil fell on Friday as the release of some hostages in Gaza reduced the geopolitical risk premium, but prices were up slightly week over week – the first week over week gain in over a month. OPEC+ has a meeting next week to decide on production cuts in 2024. Meanwhile Canada continues to wait for Trans Mountain completion for line pack fill as prices remain depressed in Edmonton. U.S. West Texas Intermediate (“WTI”) crude oil fell $1.56 per barrel, or 2%, from Wednesday’s close to close $75.54 per barrel. Markets were closed on Thursday in observance of Thanksgiving, therefore, there was no settlement for WTI on Thursday. Brent crude futures settled down 84 cents US per barrel, or 1%, closing at US$80.58 per barrel. Rig count was up week over week in both the U.S. and Canada. Natural gas closed lower again on strong U.S. production and a small draw from storage. Hope everyone has a great weekend!