Want to get Oil Prices Daily to your inbox? You can sign up here!
Energy Prices Summary – Tuesday, November 19, 2019
Crude Oil (CLZ19): 55.21 (-1.84)
Natural Gas (NGZ19): 2.510 (-.056)
NY ULSD (HOZ19): 1.8574 (-.0473)
Gasoline (RBZ19): 1.6037 (-.0173)
Oil prices dropped almost $2, or 3%, and are threatening to break critical support of the trading range they have been in since October. Natural gas prices continue to erase the gains made before cold weather blew into the Northeast two weeks ago.
In the chart of the day below, USLD breaks trendline support and signals a move is possible towards the contract lows from August.
Key to the full commodity market breakdown is comments out of China that the impeachment trial may have an affect on a resolution of the trade disputes.
Chart of the Day – Daily USLD
Top Oil Price News Headlines
+ Natural gas corrects, let the wild ride begin – Seeking Alpha
Crude Oil Settlements
Dec 19 (CLZ19) 55.21 (-1.84)
Jan 20 (CLF20) 55.35 (-1.79)
Dec 20 (CLZ20) 52.27 (-1.13)
Dec 21 (CLZ21) 50.96 (-.77)
Crude Oil Price Spreads
CLZ19 / CLF20: -.14
CLZ19 / CLZ20: +2.94
CLZ20 / CLZ21: +1.31
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
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)
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.