Oil & Gas Prices - Nov 4

[dan_s]

Closing Prices:
> WTI prompt month (DEC 20) was up $1.49 on the day, to settle at $39.15/Bbl.
> In contrast, NG prompt month (DEC 20) was down $0.013 on the day, to settle at $3.046/MMBtu.

[dan_s]

EIA reported a draw of -7998 MBbls in U.S. crude-oil inventories for the week ending 10/30/2020. This was larger than the average estimate of 581 MBbls as reported by Bloomberg.