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Morning Heating Oil Market Report April 18, 2013 – CME Group

June heating oil prices registered a slightly lower low overnight but managed to bounce more than $0.05 during the initial morning hours. An improvement in outside market sentiment and a rally in crude oil are seen as Continue reading

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Oil caught in broad based sell-off on China slowing

The horrific bombing at the finish line of the Boston Marathon sent a wakeup call that the US is far from terrorism free. The threat to the American public is just as prevalent as it was back on 9/11…. Continue reading

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RANsquawk – DAILY ENERGY COMMENTARY 16/04/13

WTI crude futures have recovered from overnight lows, underpinned by a weaker dollar and bargain hunting. This followed heavy selling over the last few days, which saw WTI fall to its lowest level since mid-December…. Continue reading

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UPDATE 7-Oil down as weak U.S. data fuels selling

* Brent trims losses after dropping $3 per barrel * U.S. retail sales, consumer sentiment drop * Brent crude price drops to lowest since July * Coming up: CFTC positions data 3:30 p.m. EDT Friday (Adds … Continue reading

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Natural Gas Prices Hit 19-Month Highs

Biggest Storage Withdrawals on RecordBenchmark U.S. natural-gas prices rose to 19-month highs over the past week in the wake of the highest storage withdrawals on record for March, the Energy Information Administration said. Henry Hub gas as of April 10 was $4…. Continue reading

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U.S. Crude Oil Supplies Expand to 23-Year High

This article: U.S. Crude Oil Supplies Expand to 23-Year High

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Mid-Continent Crude Oil Markets Continue to Adjust to Rapid Rise in Bakken Production (4/3/2013)

The differential between West Texas Intermediate (WTI) and North Dakota’s Bakken crudes continues to fluctuate, reflecting both production growth and changes in oil transportation capacity. Bakken crude sold at a $25-per-barrel discount to WTI in early 2012 and rose to a $5-per-barrel premium last September, before again being discounted below WTI this winter. So far this year, the gap between Bakken and WTI prices has narrowed, and once again, the Bakken price has risen above the WTI price, albeit modestly (Figure 1). …. Continue reading

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Ultra-Low Sulfur Diesel Futures Contract Replaces Heating Oil

UltraLow Sulfur Diesel Futures Contract Replaces Heating Oil Bloomberg CME Group Inc. (CME)'s heating oil contract on the New York Mercantile Exchange has been renamed ultralowsulfur-diesel futures after the April Continue reading

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Construction Begins on North Dakota Refinery

One of two new oil refineries being built in North Dakota broke ground this week: The 20,000-barrels-per-day Dakota Prairie facility, which is scheduled to be built in 20 months…. Continue reading

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Saudis Plan to Boost Crude Capacity 5% by 2017

Khalid al-Falih, chief executive of Saudi Aramco, Saudi Arabia’s national oil company, recently said it will add 550,000 barrels a day of new crude production capacity by 2017 from two onshore fields, Khurais and Shaybah…. Continue reading

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