Energy Prices Summary – Thursday, July 30, 2020
Crude Oil (CLU20): 39.92 (-1.35)
Natural Gas (NGU20): 1.829 (-.101)
Gasoline (RRQ20): 1.2204 (-.0211)
NY ULSD (HOQ20): 1.2119 (-.0414)
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On the heels of dismal economic data out of the US, oil prices tanked $1.35 or 3.3%. It seems that critical technical support has been broken as well.
Heating oil also had a massive down day as shown in the daily chart below and looks to have broken the up trend it has maintained since late April.
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Crude Oil Settlements
Sept 20 (CLU20) 39.92 (-1.35)
Oct 20 (CLV20) 40.24 (-1.30)
Dec 20 (CLZ20) 40.92 (-1.12)
Dec 21 (CLZ21) 43.08 (-.80)
Crude Oil Price Spreads
CLU20 / CLV20: -.32
CLU20 / CLZ20: -1.00
CLZ20 / CLZ21: -2.16
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