Energy Prices Summary – Monday, July 27, 2020
Crude Oil (CLU20): 41.60 (+.31)
Natural Gas (NGQ20): 1.734 (-.074)
Gasoline (RRQ20): 1.2747 (-.0101)
NY ULSD (HOQ20): 1.2541 (-.0022)
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Oil prices rose $.31 yet natural gas and gasoline fell as US Republicans put forth a $1 trillion economic relief package.
“In the Republican package, the program will be replaced by “something which pays people about 70 percent wage replacement, which I think is a very fair level,” Mnuchin said. He added that would amount to cutting the additional payment down to roughly $200 a week.” (Vox – link below)
Top Oil Price News Headlines
+ Oil rises on hopes for US stimulus measure – Reuters
Crude Oil Settlements
Sept 20 (CLU20) 41.60 (+.31)
Oct 20 (CLV20) 41.80 (+.35)
Dec 20 (CLZ20) 42.18 (+.36)
Dec 21 (CLZ21) 43.89 (+.39)
Crude Oil Price Spreads
CLU20 / CLV20: -.20
CLU20 / CLZ20: -.58
CLZ20 / CLZ21: -1.71
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Oil Price Resources
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+ Oil 101 – Introduction to Supply, Trading, & Transportation (Member-Only Content)
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