Energy Prices Summary – Wednesday, July 8, 2020
Crude Oil (CLQ20): 40.90 (+.28)
Natural Gas (NGQ20): 1.824 (-.052)
Gasoline (RRQ20): 1.2909 (+.0159)
NY ULSD (HOQ20): 1.2344 (-.0089)
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Oil prices resumed the upward trend within its tight range. Interestingly, you can see from the settlements below that the back of the curve was a bit stronger than the front settling +.50 or so.
Also of note is that the EIA data pulled gasoline and crude higher, while ULSD lagged on record inventories.
On the intraday chart below, you can see there was a mid-session rally above $41 before pulling back slightly into the afternoon.
Top Oil Price News Headlines
+ This Week in Petroleum – EIA
+ Weekly Petroleum Status Report – EIA
+ Oil settles higher on improving gasoline demand – Reuters
Crude Oil Settlements
Aug 20 (CLQ20) 40.90 (+.28)
Sept 20 (CLF20) 41.04 (+.34)
Dec 20 (CLZ20) 41.41 (+.35)
Dec 21 (CLZ21) 42.75 (+.51)
Crude Oil Price Spreads
CLQ20 / CLU20: -.14
CLU20 / CLZ20: -.37
CLZ20 / CLZ21: -1.34
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Daily Crude Oil Price Chart
Intraday Crude Oil Price Chart
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