Energy Prices Summary – Thursday, July 9, 2020
Crude Oil (CLQ20): 39.62 (-1.28)
Natural Gas (NGQ20): 1.779 (-.045)
Gasoline (RRQ20): 1.2505 (-.0404)
NY ULSD (HOQ20): 1.2239 (-.0105)
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Oil prices fell $1.28 or 3.1% to settle below $40 once again, although prices held trendline support for now. Volume was light at just 673K futures contracts trading.
Concerns that the recent economic recovery and ensuing product demand are fleeting continue to put a cap on oil prices for now.
Top Oil Price News Headlines
“The refinery is operating at about 75% of its 318,000 barrel-per-day capacity, the sources said. ”
Crude Oil Settlements
Aug 20 (CLQ20) 39.62 (-1.28)
Sept 20 (CLF20) 39.83 (-1.21)
Dec 20 (CLZ20) 40.39 (-1.02)
Dec 21 (CLZ21) 42.17 (-.58)
Crude Oil Price Spreads
CLQ20 / CLU20: -.21
CLU20 / CLZ20: -.56
CLZ20 / CLZ21: -1.78
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** Issue uploading charts today. I waited as long as I could but decided to just put the newsletter out…
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Oil Price Resources
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