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Energy Prices Summary – Tuesday, November 19, 2019
Crude Oil (CLQ20): 38.72 (+.71)
Natural Gas (NGZ19): 1.482 (-.115)
NY ULSD (HOZ19): 1.8574 (-.0473)
Gasoline (RBZ19): 1.6037 (-.0173)
Oil prices bounced $.71, or almost 2%, and maintains the upward trading channel shown in the daily oil chart below. The intraday chart below shows oil traded lower in the morning and rallied nicely throughout the day.
Natural gas prices, however, tumbled on supply data from the EIA (link in news below).
Chart of the Day – Natural Gas Tumbles
Top Oil Price News Headlines
+ Oil rises on Russian export cuts – Bloomberg
Crude Oil Settlements
Aug 20 (CLQ20) 38.72 (+.71)
Sept 20 (CLF20) 38.91 (+.70)
Dec 20 (CLZ20) 39.43 (+.70)
Dec 21 (CLZ21) 40.78 (+.62)
Crude Oil Price Spreads
CLQ20 / CLU20: -.19
CLU20 / CLZ20: -.52
CLZ20 / CLZ21: -1.35
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Daily Crude Oil Price Chart
Intraday Crude Oil Price Chart
Oil Price 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:
+ Oil 101 – Introduction to Supply, Trading, & Transportation (Member-Only Content)
+ Hedging and Financial Contracts (Member-Only Content)
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