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)
Think a friend will enjoy Oil Prices Daily? They can sign up here!
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)
+ Republicans prepare to unveil long-awaited $1 trillion coronavirus relief package – Vox
Top Oil Price News Headlines
+ Oil rises on hopes for US stimulus measure – Reuters
+ Gold eyes $2,000 mark in speedy record-breaking run – Reuters
+ Russian oil grab in Libya fuels US-Kremlin tensions – WSJ
+ Podcast: Republicans to unveil US stimulus offer, coronavirus curbs European travel, Brexit talks – FT.com
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
SPONSOR: Oil 101 – An Introduction to Oil and Gas
Oil 101, our core oil and gas industry overview, has been used by companies and individuals alike to get a leg up on their competitors. Learn more about Oil 101 and take a free preview here.
Need Oil 101 for your team? Get in touch. We help teams onboard new members quickly and efficiently with a learning experience targeted to their needs.
Oil 101 from EKT Interactive – Effective, affordable oil and gas training for companies and individuals.
Daily Crude Oil Price Chart
Intraday Crude Oil Price Chart
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?
Too Much of a Good Thing?
If daily emails are too much for you right now, you can opt out of Oil Prices Daily anytime by clicking here.
Leave a Reply