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Closing prices for crude oil, gold and other commodities

YAHOO! - 3/30/2020 10:14:00 PM
Benchmark crude oil fell $1.42 to close at $20.09 a barrel Monday. Brent crude oil, the international standard, fell $2.17 to $22.76 a barrel. Wholesale gasoline rose 1 cent to 59 cents a gallon. Heating oil fell 5 cents to $1.

A ‘Perfect Storm’ for Natural Gas May Keep Prices Low for Some Time

Barron's - 3/27/2020 10:00:00 AM
Natural gas “is the victim of a perfect storm of events—growing supplies, warmer-than-usual weather, and falling demand,” says Gregory Leo, chief investment officer and head of global wealth management at IDB Bank. “The cumulative effect is price levels not seen in 25 years.” Market Data Center: Commodities & Futures The impact of ...

Why Are Natural Gas Prices Low and How Long Will This Last?

YAHOO! - 3/30/2020 3:01:00 PM
As economic outlook in the United States darkens with each passing day, residential/commercial and industrial use of natural gas is set to slump markedly.

The Injection Season In Natural Gas Ends With A Whimper

Seeking Alpha - 3/30/2020 12:52:00 PM
April rolls to May in the natural gas futures arena. Inventories remain above two trillion bcf. The price bounces from a new low but selling caps the rally. Pro

Oil prices crash to fresh 18-year low as demand suffers unprecedented drop

CNN on - 3/30/2020 7:47:30 PM
US crude oil plunged nearly 7% and finished at an 18-year low of $20.09 a barrel Monday as the coronavirus pandemic continues to deal a devastating blow to energy demand.

Opinion: Oil & gas industry should stand by free-market principles despite price crisis

Houston Chronicle - 3/27/2020 6:05:00 PM
Unfortunately, some in Congress are embracing action, stating , "It is essential that the American government respond with decisive action." While support for this plan may look good in a press release,

UNITED STATES NATURAL GAS FUND, LP (nysearca:UNG) Files An 8-K Entry into a Material Definitive Agreement

MarketWatch - 3/30/2020 1:38:00 PM
UNITED STATES NATURAL GAS FUND, LP (nysearca:UNG) Files An 8-K Entry into a Material Definitive Agreement. United States Natural Gas

European Oil & Gas Majors Take Action

Seeking Alpha - 3/30/2020 4:12:00 PM
We expect ICE Brent to average US$20/bbl over 2Q20. ING oil price forecasts. On an aggregate basis, the top European oil & gas majors have announced an average

Gold Prices Drift Lower but Data, Central Banks Remain Supportive

YAHOO! - 3/30/2020 4:07:00 PM
Gold prices were moderately lower on Monday as equities opened the week in positive tone, shrugging off President Donald Trump’s decision to keep the existing advice again non-essential business and movement in place until the end of April.

Wyoming governor signs oil, gas tax cut amid low prices

Houston Chronicle - 3/31/2020 12:07:00 AM
CASPER, Wyo. (AP) — Wyoming Gov. Mark Gordon has approved a tax cut for oil and gas producers that would take effect if low prices for the commodities persist. The cut Gordon signed into law Friday would go to into effect when average oil prices fall below $50 per barrel (0.14 metric tons) for at least a year. Gas prices would need to average ...