Equities fell sharply mid-week; WTI finished the week up $2.57/B; Henry Hub net longs rose to a new record high
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The WTI-WCS differential remains narrow; Net WTI longs fell to a new nine month low; US crude stocks post biggest draw of the ‘17
Net WTI longs fell sharply last week; Refinery utilization rates are unusually high; US oil rigs rose for a 16th straight week
The CAD fell by nearly a cent on the week; The US added 193 MB/d of production in February; The US rig count rose by 9 last week.
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