This Week’s Market Buzz

• Oil prices dipped at press time, as Brent crude fell $5.40, or 6.5%, to $76.82 a barrel and U.S. West Texas Intermediate (WTI) crude was down $5.82, or 7.4%, at $72.57 a barrel, after the Thanksgiving holiday.

Syndicated Analytics said that the emerging popularity of hydraulic fracturing of methane hydrate is positively influencing frac-sand market growth. In addition to this, the development of fine mesh frac sand, which improves the flow of natural fluids, is projected to fuel the frac sand market in the coming years.

• Winternitz Industrial Auctioneers & Appraisers completed the liquidation of surplus assets from Hi Crush’s sand mining operations in Whitehall Wis. The facility was constructed in 2014 and was capable of producing nearly 3 million tpy of 20/100 frac sand.

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