Energy Prices Summary – Thursday, July 23, 2020
Crude Oil (CLU20): 41.07 (-.83)
Natural Gas (NGQ20): 1.785 (+.104)
Gasoline (RRQ20): 1.2586 (-.0242)
NY ULSD (HOQ20): 1.2541 (-.0166)
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*Note – Front month crude oil is now the September (U) contract.
Oil prices fell $.83 or 2% while natural gas prices rallied $.104. The EIA reported natural gas inventories built 37 bcf (link below). Total natural gas inventories are beginning to push the high end of the five year average range.
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Crude Oil Settlements
Sept 20 (CLU20) 41.07 (-.83)
Oct 20 (CLV20) 41.21 (-.83)
Dec 20 (CLZ20) 41.51 (-.77)
Dec 21 (CLZ21) 42.99 (-.44)
Crude Oil Price Spreads
CLU20 / CLV20: -.14
CLU20 / CLZ20: -.44
CLZ20 / CLZ21: -1.48
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