Energy Prospectus

Opening Prices:
> WTI is up $2.07 to $14.41/Bbl, and Brent is up $1.53 to $21.99/Bbl.
> Natural gas is up 0.1c to $1.949/MMBtu.

EIA weekly petroleum report may determine next oil price move.
Hedge fund closing lots of NYMEX futures should be done today. That should help oil a bit.
Natural gas should move firmly over $2.00 by mid-May. Demand for power generation will be ramping up.

Closing Prices:
> WTI prompt month (JUN 20) was up $2.72 on the day, to settle at $15.06/Bbl.
> In contrast, NG prompt month (JUN 20) was down $0.079 on the day, to settle at $1.869/MMBtu.

There is a bit of an inverse relationship between oil prices and natural gas prices on be belief that higher oil prices will bring back drilling rigs and thus increase associated gas. To some extent that is true, but it will take WTI firmly over $40/bbl before the active rig count stops falling.