Oil prices eased today trading down as crude production in gulf resumed following Hurricane Francine. “You could come back Monday and everything is fine – the refineries are running at 100%, everyone is back on the platform, oil comes back and gasoline is coming out of the refinery – and the market could potentially pull back exponentially,” Yawger said. Crude prices also took a hit from the U.S. rig count from energy services group Baker Hughes which reported the biggest weekly rise in oil and natural gas rig in a year. Also on the week, money managers cut their net long crude futures and options positions in New York and London by 27,493 contracts to 59,741 in the week to Sept. 10, the U.S. Commodity Futures Trading Commission said. WTI traded down $0.32 or -.5% to close at $71.61. Brent traded down $0.36 or -.5% to close at $68.65.

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mars
  • Where: Renaissance Schaumburg Convention Center Hotel
  • Attending: Curtis Chandler (239.405.3365), David Cohen (954-729-4774), Brian Baker (239)297-4519
  • Conference Website
mars
  • Where: La Quinta Resort & Club, La Quinta, California
  • Attending: Curtis Chandler (239.405.3365)
  • Conference Website
opis
  • Where: Charlotte Harbor, Florida
  • Attending: David Cohen (954-729-4774), Brian Baker (239)297-4519
  • Conference Website