Energy Prices Summary – Tuesday, July 21, 2020
Crude Oil (CLQ20): 41.96 (+1.15)
Natural Gas (NGQ20): 1.675 (+034)
Gasoline (RRQ20): 1.2797 (+.0512)
NY ULSD (HOQ20): 1.280 (+.0445)
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Oil prices ripped higher by $1.15 or 2.8% to settle at $41.96. This was a strong day to settle above previous highs around $41.63 mostly driven by the EU stimulus package.
Top Oil Price News Headlines
+ Oil prices up $1 on virus vaccine hopes, EU stimulus deal – Reuters
Crude Oil Settlements
Aug 20 (CLQ20) 41.96 (+1.15)
Sept 20 (CLF20) 41.92 (+1.00)
Dec 20 (CLZ20) 42.26 (+.87)
Dec 21 (CLZ21) 43.37 (+.44)
Crude Oil Price Spreads
CLQ20 / CLU20: +.04
CLU20 / CLZ20: -.36
CLZ20 / CLZ21: -1.11
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Oil Price Resources
+ CME
+ EIA Weekly Petroleum Status Report
+ OPEC Monthly Oil Market Report
+ Commodity Research Group Podcast
Learning Resources
Want to learn more about concepts related to oil trading, financial contracts, hedging, and commodity price volatility? Here are some resources that are available to learn more:
+ Hedging and Financial Contracts
+ Oil 101 – Introduction to Supply, Trading, & Transportation (Member-Only Content)
+ What is the difference between Upstream and Downstream?
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