Oil & Gas Prices - July 31

dan_s · Post by **dan_s** » Fri Jul 31, 2020 8:35 am

Opening Prices:
> WTI is up 43c to $40.35/Bbl, and Brent is up 40c to $43.34/Bbl.
> Natural gas is up 1.7c to $1.846/MMBtu.

Traders are nervous. Supply/Demand has tightened, but the media's non-stop COVID-19 FEAR mongering has them worried that travel restrictions and other shutdowns can return.

Closing Prices:
> WTI prompt month (SEP 20) was up $0.35 on the day, to settle at $40.27/Bbl.
> In contrast, NG prompt month (SEP 20) was down $0.030 on the day, to settle at $1.799/MMBtu.