Energy Price Hub

Daily updates 07/03/2020

U.S. Natural Gas Surging higher after Chesapeake Energy, once the second largest U.S. gas producer, filed for chapter 11 bankruptcy amid the lingering low-price environment. The new prompt August-2020 contract is 20.3 cents higher at $1.749.
U.S. Weather The 6-10 day forecast is calling for above-normal temperatures to cover much of the nation, with pockets of below-normal temperatures in the Southeast and West.
U.S. Dollar Marginally higher as cautious investors continue to focus on the rising coronavirus cases, which recently topped 10 million worldwide.
Oil Tracking higher with equity markets on hopes today's housing data is a sign of an economic recovery and stronger demand to come. The August-2020 WTI contract is 47 cents higher at $38.96.
Equity Markets Rebounding after the Pending Home Sales Index showed a historic comeback with new contract signings soaring 44.3% during May.
Geopolitics French President Emmanuel Macron pledged an additional $16.8 billion in government spending to transition to a cleaner economy after his party lost ground to the Green Party in local elections.

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