Energy Prospectus

Opening Prices:
> WTI is up 60c to $40.03/Bbl, and Brent is up 53c to $42.25/Bbl.
> Natural gas is down 7.3c to $2.808/MMBtu.

There is strong resistance for WTI at $41.50/bbl. Yesterday's pullback was fueled by an end to the strike in Norway and Libya announcing plans to ramp up production. Libya is a war torn failed state so the situation over there can change from day-to-day. Plus, GOM production will be coming back on-line after Hurricane Delta moved out. It will take a week to get it all back online.

Oil, gas output restarts begin at US Gulf of Mexico platforms after hurricane . S&P Global .
Three days after Hurricane Delta raged through the US Gulf of Mexico, nearly 70% of the region's crude production still remains offline, a federal agency said Oct. 12, although producers increased the number of crews on platforms and restored more volumes of downed oil and gas output in the previous 24 hours.

Closing Prices:
> WTI prompt month (NOV 20) was up $0.77 on the day, to settle at $40.20/Bbl.
> NG prompt month (NOV 20) was down $0.026 on the day, to settle at $2.855/MMBtu.