Crude Oil Brent F Aug '20 (QAQ20)
Crude Oil Brent (F) Futures Market News and Commentary
October WTI crude oil (CLV21) this morning is down -1.46 (-2.03%), and October RBOB gasoline (RBV21) is down -0.0454 (-2.09%). October Nymex natural gas (NGV21) is down -0.024 (-0.47%).
Oct WTI crude oil and Oct RBOB gasoline prices this morning tumbled to 1-week lows. A rally in the dollar index to a 4-week high today is weighing on energy prices. Also, crude prices are being undercut by concern that the spillover effect from China's property debt crisis could stifle China's economic growth and its demand for commodities. In addition, today's slump in the S&P 500 to a 4-week low undercuts confidence in the economic outlook and is negative for energy demand and crude prices.
Oct nat-gas this morning is moderately lower on a mixed weather outlook. Maxar said today that above-normal temperatures are expected across the Rockies and Plains, and below-normal temperatures are expected in the Southeast from Sep 25-29. Losses in nat-gas prices today were limited by concern... Read more
- Crude Prices Tumble on Dollar Strength and China Risks
October WTI crude oil (CLV21 ) this morning is down -1.46 (-2.03%), and October RBOB gasoline (RBV21 ) is down -0.0454 (-2.09%). October Nymex natural...
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