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Oil Prices Daily Summary: Thursday, November 21, 2019

Oil Prices Daily


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Energy Prices Summary – Thursday, November 21, 2019

Crude Oil (CLF20): 58.58 (+1.57)
Natural Gas (NGZ19): 2.567 (+.008)
NY ULSD (HOZ19): 1.9447 (+.0526)
Gasoline (RBZ19): 1.7044 (+.0481)

Oil prices  continued their absolute tear, rallying $4 from a low of $54.85 just two days ago.  Yesterday’s impetus was a smaller than expected inventory build as reported in the weekly EIA statistics.

(Note the switch to January as the front month contract.)

The rally in oil seems to have helped natural gas pull out of its free-fall as well.

 

Top Oil Price News Headlines

+ Weekly Petroleum Status Report – EIA

+ OPEC+ likely to extend oil supply cuts until June: sources – Reuters

+ Oil hits two-month high on hopes of longer OPEC cuts, US-China talks – CNBC

 

Crude Oil Settlements

Jan 20 (CLF20) 58.58 (+1.57)
Feb 20 (CLG20) 58.41 (+1.53)
Dec 20 (CLZ20) 54.46 (+.91)
Dec 21 (CLZ21) 52.68 (+.73)

 

Crude Oil Price Spreads

CLF20 / CLG20:  +.17
CLZ20 / CLZ21:  +1.78

 


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Oil 101Oil 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.

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Daily Crude Oil Price Chart

 

Intraday Crude Oil Price Chart

 


Oil Price Resources

+ CME

+ EIA Weekly Petroleum Status Report

+ OPEC Monthly Oil Market Report

+ NatGasWeather

+ 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:

+ Crude Oil Futures Contracts

+ Contango vs Backwardation

+ Oil 101 – Introduction to Supply, Trading, & Transportation (Member-Only Content)

+ Hedging and Financial Contracts (Member-Only Content)

 


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Written by Doug Stetzer · Categorized: Oil Prices Daily · Tagged: crude oil prices, oil prices, oil prices daily

About Doug Stetzer

Doug Stetzer is Vice President of Content and Community for EKT Interactive.

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