Oil & Gas Prices - July 1

dan_s · Post by **dan_s** » Wed Jul 01, 2020 8:04 am

WTI traded briefly over $40/bbl during June. If EIA confirms the draws from crude oil and gasoline inventories in the U.S. that API reported late yesterday, we might see WTI move over $40 to start the 3rd quarter. There is resistance at $40.00 and strong resistance at $41.50.

Opening Prices:
> WTI is up 10c to $39.37/Bbl, and Brent is up 6c to $41.33/Bbl.
> Natural gas is down 8.6c to $1.665/MMBtu.

At the time of this post (8:14 AM CT) WTI was trading at $39.84.

Closing Prices:
> WTI prompt month (AUG 20) was up $0.55 on the day, to settle at $39.82/Bbl.
> NG prompt month (AUG 20) was down $0.080 on the day, to settle at $1.671/MMBtu.