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August 28, 2017 Charts

The CAD rose to over $US 0.80 on Friday; US crude inventories fell for the 8th straight week; The US oil rig count fell by 4 rigs last week

The S&P/TSX Composite Index hit a low for 2017; WTI closed the week down at $48.51/B; Crude oil stocks fell for the seventh week in a row.

The CAD is up 6% since the start of 2017; OPEC’s compliance rate fell again in July; Refinery utilization is the highest since August 2005.

The CAD hit a two year high; US oil production grew 59 MB/d in May; Crude oil storage fell below last year’s level